Colombia is a biodiversity hotspot: 10% of all the world's species can be found there. The country also has large deposits of oil and coal. The second most populous country in South America has recognized the economic potential of its bioresource diversity and has developed several policies related to the country's natural environment. An explicit bioeconomy strategy was published in 2020.
Industrial bioeconomy: Bavaria invests in scale-up plants
As part of the bioeconomy strategy published in 2020 "Zukunft.Bioökonomie.Bayern" ("Future. Bioeconomy. Bavaria"), the Bavarian Ministry of Economic Affairs has launched a funding program to strengthen the industrial bioeconomy. With "Bioeconomy Scale-Up", companies are supported in setting up production facilities that use renewable raw materials with high added value and positive climate effects. These include biorefinery concepts and bioproduct plants.