The Bio-Based Industries Joint Undertaking (BBI JU) now fully operational - 26 October 2015, Brussels

26 October 2015

 

The BBI JU has become fully autonomous today, enabling it to manage its own budget and launch its own calls for proposals, grants and public procurement

A €3.7 billion public-private partnership, the Bio-Based Industries Joint Undertaking (BBI JU) has remained under the European Commission’s supervision since its formal launch in July 2014. As of today, 26 October 2015, the BBI JU will function as an independent body, with its own staff and offices and able to manage its own budget and launch its own open calls for proposals, grants and public procurement.

BBI JU’s public partner, the European Commission, provides €975 million of the overall budget. Carlos Moedas, European Commissioner for Research, Science and Innovation, welcomed BBI JU’s new status: "This is great news for the EU’s efforts to develop a more sustainable economy. Once again, we are joining forces with industry and investing together in the huge potential of the bioeconomy. BBI will help expand our knowledge of how we can convert Europe’s untapped renewable resources and waste into greener everyday products and biofuels". Read more...