A new study by the Renewable Carbon Initiative (RIC) and the Biobased Industries Consortium (BIC) suggests that biomass could meet 20% of global chemicals demand by 2050, without compromising food and feed supply. The study, carried out by nova-Institute, EuroCARE, and Thünen Institute of Forestry, aims to address concerns about the availability of biomass to meet both chemical and food demands. The report found that with moderate agricultural and forestry practices, biomass could supply 20% of the chemical industry’s carbon needs, while more advanced practices could reach 40%. The development of a low-carbon chemical industry is essential for achieving climate neutrality by 2050, as the sector currently relies heavily on fossil resources. The study’s findings have significant implications for the “defossilisation” of the chemical industry, which could lead to a more sustainable and environmentally friendly production process.
By 2050, biomass is poised to supply a significant 20% of global demand for chemicals, marking a promising step towards a more sustainable future.
