Bioeconomy Ireland Week Map Series released by Teagasc.

ReSolute, a new flagship project aiming to build a first-of-its-kind industrial plant for the production of a green, high-performing solvent from wood biomass, has received a €11.6 million grant from BBI JU. The project starts today and will run for three years. With ReSolute, BBI JU is now supporting 124 projects with €717.6 million in total.

The new fund provides equity investment to innovative growth-stage bioeconomy and circular bioeconomy companies and projects. The ECBF aims to fill an important financing gap in this area by mobilising public and private investments to scale up innovative bio-based companies and projects with high potential for innovation and excellence.

An article published in Solutions Journal sets out a 10-point Action Plan to create a circular bioeconomy devoted to sustainable wellbeing.

EIT Climate-KIC’s ‘Extraordinary Post COVID-19 Regeneration Call 2020’ will select projects and programmes with the potential to restructure and regenerate our economies in the wake of the pandemic and in anticipation of future climate, ecological and health crises. Proposed activities must deliver clear outputs by the end of 2020.

The Bio-based Industries Joint Undertaking (BBI JU) has signed grant agreements with the projects selected for funding under the 2019 Call for proposals. The 22 new projects will receive financial support worth €106 million and bring the total of BBI JU grants to 123. 218 beneficiaries from 27 EU Member States and associated countries will take part in the projects.

The seventh BBI JU Info Day will present the 2020 call for proposals and give participants the opportunity to hold pre-arranged face-to-face meetings.

New financing targets investments by private cooperatives and companies in the agriculture and bioeconomy sector. The EIB programme loan will amount to €700 million and is expected to back close to €1.6 billion of investment across Europe. Financing is guaranteed by the European fund for strategic investments (EFSI) and will help make the sector more resilient in light of Covid-19.

The funding will support 10 large-scale environment and climate projects in nine Member States, helping Europe's transition to a sustainable economy and climate neutrality.

Ministers are outlining the priorities of the Croatian Presidency of the Council of the EU to parliamentary committees, in a series of meetings.

The EU will soon have in place a common classification system to encourage private investment in sustainable growth and contribute to a climate neutral economy. EU ambassadors endorsed a political agreement reached between Finland's presidency of the Council and the European Parliament on a EU-wide classification system, or "taxonomy", which will provide businesses and investors with a common language to identify what economic activities can be considered environmentally sustainable.

Parliament negotiators reached an agreement with Council on new criteria to determine whether an economic activity is environmentally sustainable.

The European Commission and the European Investment Bank announce the selection of an Investment Advisor for the upcoming European Circular Bioeconomy Fund. The fund aims to provide financing for innovative circular bioeconomy companies and projects in the EU and in countries associated with the Horizon 2020 programme.

Institutional public-private partnerships are needed to ensure the full deployment of the bioeconomy in Europe

Over EUR 1.5 million is being invested by the ERDF in a project aiming to develop a new composting facility for biodegradable and green waste in the town of Harmanli in Bulgaria.