Bioeconomy development hampered by ‘financing gap’

Agriculture commissioner Phil Hogan has acknowledged a lack of funding in Europe to help bioeconomy start-ups scale their operations beyond the pilot phase

Agriculture commissioner Phil Hogan has acknowledged a lack of funding in Europe to help bioeconomy start-ups scale their operations beyond the pilot phase to demonstration at scale, and pledged to push for an EU policy response.

“The financing gap in the bioeconomy is a difficult issue for many potential developers,” Hogan said on Tuesday at an event hosted by the Dutch representation to Brussels that saw presentations of projects to produce ethanol from sugar beet and aromatic hydrocarbons from biomass.

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