Biomass-derived chemistry as a role model
Carbon is essential for life and is an essential “resource” for the chemical industry in general, which, therefore, can play a pivotal role in establishing or restoring sustainable carbon cycles in Europe. In that sense, our industry believes that we should rather envision the “de-fossilisation” of the economy instead of its “de-carbonisation”.
Biomass-derived chemistry has the potential to contribute to the goals of the European Union in several ways:
- By using and valorising biogenic carbon that has been removed and stored into biomass via photosynthesis. Coupled with CCU or CCS, biogenic feedstocks have the potential to be a carbon sink.
- By producing and placing on the market products wholly or partly derived from biomass that prolong the carbon removal and storage effect (in line with the LULUCF Regulation provisions). In addition, in a circular economy context, such storage benefit can be prolonged thanks to recycling.
- By replacing products that may have detrimental effect on the carbon “budget” of the EU and release more carbon dioxide in the atmosphere.
Indirectly, by encouraging sustainable and economically viable management of agricultural and forest ecosystems to deliver at the same time additional feedstocks for the bioeconomy, as well as other ecosystem benefits, such as clean water and biodiversity, increased carbon storage in ecosystems, without distracting/compromising food or feed production.