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Governments and industry affirm the future of bio-based fuels, chemicals, and materials

Governments and industry affirm the future of bio-based fuels, chemicals, and materials
Corporate members of the Biofuture Platform Initiative and Campaign (graphic courtesy Biofuture).

The government and industry members of the Biofuture Platform Initiative and Campaign announce the release of their Biofuture Statement that affirms the essential role of bio-based fuels, chemicals, and materials.

According to a statement, the Biofuture Statement affirms the essential role of sustainable bio-based fuels, chemicals, and materials to enable an inclusive clean energy transition and a Net Zero, circular economy.

The sustainable production and use of bio-based products are also key to increasing energy security, job creation, and socio-economic development.

Government and industry emphasize that delivering the greenhouse gas (GHG) reduction benefits while conserving biodiversity and ensuring high-functioning environmental services, requires improving the evidence-based approaches to improve quantification of sustainable biomass resources and strengthening sustainability governance.

I am extremely pleased that the Biofuture Platform Member Countries, including Brazil, are putting out today a High-Level Statement committing to an evidence-based approach to quantification of sustainable biomass availability and sustainability governance. We hope that this statement encourages more frank dialogue and coordination regarding the role of bio-based products among experts, leaders, and stakeholders, said José Guilherme Resende, Secretary for Energy Planning and Development, Ministry of Mines and Energy, Brazil.

Need for a stable and coherent policy framework

At the Global Clean Energy Action Forum, the Clean Energy Ministerial (CEM) Biofuture Platform Initiative held discussions between government, industry, and NGO leaders regarding the innovation, investment, and policy needed to fulfill the potential for bio-based fuels, and chemicals.

Participants stressed that a stable policy framework, including coherence among related clean energy sectors, like carbon capture utilization and storage (CCUS) and hydrogen, would enable the transition to a Circular Bioeconomy.

It was a privilege to contribute to the GCEAF events hosted by the Clean Energy Ministerial Biofuture Platform. On behalf of industry, I emphasized the critical need for intensive public-private partnership. Together, governments and industry, need more frank dialogue on what is working and what is not working. When it comes to biofuels – the technology is here. Our government partners now have a critical role to play in sending a global demand signal to the market to unleash rapid commercialization. There is no time to waste, said Bryan Sherbacow, CEO, and President of Alder Fuels.

Developing markets for products featuring the highest value usage of biomass resources would encourage the private investment needed to realize a sustainable biofuture.

We are excited to join this timely convening of senior leaders of the global bioeconomy at the Global Clean Energy Action Forum. The sharing of best practices and hard-won experience is much needed to fast-track project development and execution. During our 10-year pursuit to de-fossilize the global maritime sector we gained a deep understanding of what are the best public/private drivers to create real tipping points and systemic change. We anticipate productive work with the CEM Biofuture Platform Initiative and its Campaign and to realize real solutions for a better world, said Dirk Kronemeijer, Founder and CEO of GoodFuels.

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