First grants of BBI Joint Undertaking projects signed
The first ten projects of the Bio-Based Industries Joint Undertaking (BBI JU), a partnership between the EU and industry, signed their grant agreements on 15 June 2015. They will be funded with a total of €50 million from Horizon 2020 and a further €28 million from industry.
The funded projects will cover research into specific bio-based materials with the potential to replace fossil fuels and materials based on them. They also include an industrial-scale flagship project that will use oil crops such as cardoon, grown on arid and marginal lands, for the extraction of vegetable oils. These will then be converted into bio-products such as biolubricants, cosmetics, and bioplastics. By-products from the process will be used to produce energy, animal feed and chemicals.
The BBI JU is a public-private partnership between the EU and the Bio-based Industries Consortium. It focuses on turning biological residues and wastes into greener everyday products through innovative technologies and biorefineries.
Link: BBI JU