Bioeconomy and chemistry

This article explores how bioeconomy can affect the chemical industry. Bioeconomy brings opportunities and challenges for the industry. The trend of using less fossil resources both as feedstock and as energy sources poses a major challenge for the current industrial activities. This context of increasing challenges also opens a large spectrum of opportunities for new research and innovation agenda. The article discusses these challenges and opportunities from the perspective of four key dimensions: feedstocks, technologies, products and business models. Bioeconomy can bring new market opportunities for the chemical industry and at the same time requesting the sector to renew its competences.