The success of the bioeconomy requires existing industry to thrive

Strong biomass availability, the success of existing industry, and the development of new products are the most important factors contributing to the development of the bioeconomy. Finland must focus especially on forest growth, wood availability, and on securing the forest industry’s operating conditions.

The bioeconomy is a central factor in sustainable growth. The forest industry’s vision of a future low-carbon society is based on the bioeconomy – on products that are made from renewable and recyclable natural resources using methods based on energy and resource efficiency.

The forest industry is developing existing production methods for bio-based products, recycling, as well as its waste and energy expertise. New products complement, for example, existing packaging and hygiene products as well as the growing demand for wood construction materials.

Entirely new business areas are found in the form of, for example, microfibrillated pulp, bioplastics, composite materials, green chemicals, pharmaceutical industry raw materials, as well as biofuels. The forest industry is already operating in the bioeconomy and in future it will take an increasingly central role in the bioeconomy.

Bioeconomy products must gain a strong foothold so that consumption is directed towards production based on renewable natural resources. This requires decision makers to actively advance the bioeconomy in the EU and in international processes.

The bioeconomy must be advanced as follows:

  1. The acceptability of biomass use must be improved – the opportunities offered by the bioeconomy must be taken broadly into consideration in decision making regarding natural resources, production, and consumption.
  2. Biomass availability must be improved – without biomass there is no bioeconomy.
  3. The operating conditions of industries that already process biomass must be safeguarded – the future bioeconomy is founded on existing production.
  4. Consumption must be directed towards renewable natural resources – bioeconomy products should have an advantage over products made from non-renewable natural resources.

Additional information

Ahti Fagerblom

Manager, Energy and Climate Policy

+358 40 820 9763