Industrial Biotechnology is currently worth €23 billion representing just 6% in sales of the overall worldwide chemicals market. However, it is significantly outperforming the overall chemicals market at an impressive 20% annual growth rate and has the potential to become the dominant technology of tomorrow’s chemicals industry, representing a huge future opportunity.
Delivering on this opportunity will require significant investment, innovation and value chain development and most importantly new collaborations across the sector. Additionally, we are faced with important challenges posed by high energy prices, the impact of the shale gas boom on the development of biobased chemicals markets and the ongoing need for predictable, coherent and supportive policy in the EU.
In order to understand and overcome these challenges and prosper in tomorrow’s bioeconomy, for more than ten years, industry experts throughout the vibrant and innovative biobased community have come together to one central location every year to discuss the key issues and gain a snapshot of the most significant developments on scale-up of commercial biorefineries around the world.
View more information about EFIB, the market-leading annual event in Europe for Industrial Biotechnology and the Bioeconomy.
Time: 6 -7 October 2021
Place: Vienna, Austria
Visit the event website to register for EFIB 2021.