Biobased Economy

What is the biobased economy?

Biobased economy or bioeconomy refers to economic activity involving the use of biotechnology in the production of (bio-based) goods, services, or energy from biological material (or biomass) as the primary resource base. An important aspect of the bioeconomy is understanding mechanisms and processes at the genetic, molecular, and genomic levels, and applying this understanding to creating or improving industrial processes, developing new products and services, and producing new energy.

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