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Europe launches biobased industries joint technology initiative

4:44 AM MDT | July 9, 2014 | Michael Ravenscroft

The European technology platform for sustainable chemistry (SusChem),a joint program between Cefic and several other European chemistry organizations, says it welcomes the launch today of the bio-based industries (BBI) joint technology initiative (JTI). This major public-private-partnership (PPP) represents a significant step forward to the realization of a European bioeconomy, SusChem says. The BBI JTI will enable €3.7 billion ($5.0 billion) to be added to the European economy to develop the emerging bioeconomy in the period 2014-2024. The European...

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