Study: EU Bioeconomy worth EUR2 trillion

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The EU might be currently facing challenges right now with the Greece debt issue but it is noticeable that this region is upping its ante when it comes to investing in bio-based chemicals with its various public-private R&D and commercialization programs.

In a preview from a new study by nova-Institut, it is estimated that the EU-28 bioeconomy is reportedly worth EUR 2 trillion providing 19 million jobs based on available 2011 statistics from Eurostat.  Industries under this statistics include agriculture, forestry and fishery as well as the manufacture of food products, beverages, tobacco products, paper and paper products, forest-based industry and biofuels.

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