Bio-economy. The climate change mitigation call for a phase out of fossil fuels and substitute fossil energy, chemicals and materials with renewable resources. Fossil energy can be substituted by a mix of energy sources like wind energy, solar power, hydropower and wave energy. Biomass can contribute with chemicals, materials and new products like proteins and co-products.

Biomass is produced in agriculture (green economy) or in the oceans (blue ocean economy). The philosophy of bio-economy comprehends biomass as a base for production of valuable fractions as food, feed, fibres, co-products and materials – thus leaving energy as a low value product - often in largest quantities. The development of the bio-economy includes the following:

• Enhancing food quality and co-product generation (e.g. omega fatty acids, colours, stabilizers, etc.);
• Valorisation of animal feed by improving protein, oil and micro-nutrients profiles;
• Nutrient containment and recycling (nitrogen and phosphorous);
• Materials and chemical production (glue, solvents, other);
• Biomass to energy;
• Development of innovative industrial processes powered by renewable energy: Separation, drying, conversion technologies (biological and catalytic) and storage.