The first ten projects of the new Bio-Based Industries Joint Undertaking (BBI JU), a partnership between the EU and industry, will get underway with a total of €50 million from Horizon 2020, the EU's research funding programme, and a further €28 million from the industry. This is thanks to the signature of the grant agreements finalised today (15 June 2015).
The funded projects will cover research into specific bio-based materials with 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, and by- products from the process will be used to produce energy, animal feed and chemicals.