The Finnish Bioeconomy. Sixten Sunabacka Strategic Director Forest sector and Bioeconomy Ministry of Employment and the Economy of Finland

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1 The Finnish Bioeconomy Sixten Sunabacka Strategic Director Forest sector and Bioeconomy Ministry of Employment and the Economy of Finland

2 Contents The Finnish bioeconomy Sustainble forest management as a basis for bioeconomy growth Video; Headlines from the Finnish bioeconomy strategy

3 Sustainable growth from bioeconomy

4 Bioeconomy: The next economic wave GDP and Well-being Fossil economy Natural economy Bioeconomy uses sustainably biological natural resources to produce materials, energy, food and services Aims: Decrease dependency on fossil raw materials, prevent deprivation of ecosystems, promote economic development and create new jobs

5 Bioeconomy value chains (ecosystem) Wood processing Chemistry Biomass Energy Food Construction Products Expertise Ecosystem and other services Bioeconomy value chains produce goods, services and solutions sustainably and through clean technologies e.g. cleantech

6 Bioeconomy s significance in Finland Turnover 60bn Finland seeks to increase its bioeconomy output to 100 bn euro and to create 100,000 new jobs Share of employment 13% We have the renewable resources, know-how and industiral platform for being a frontrunner Share of exports 26% More than half of our bioeconomy is forest based

7 Innovation, collaboration and integration make Finland a pioneer Biodiesel from tall oil combined with pulp production Biogas and -ethanol from residues combined with pulp and sawnwood production UPM Metsä Group Bio oil from forest residues combined with heath and power production Metsä Group Wood in innovative urban construction Fortum

8 Government policy -The BCD-strategy (Bioeconomy, Cleantech and Digitalisation) In industrial renewal, the bioeconomy, cleantech and digital business will be the Government s priority sectors...

9 Strategy into action 1. Implemented in cooperation between several ministries and other stakeholders 2. Coordinated by a strategic programme set by the Government 3. Supported by a broad bioeconomy panel of stakeholders chaired by the Minister of Economical Affairs

10 Implemented actions Focus areas; Investments, regulation and export 1. Boosting investments An International Biorefinery Competition 2. Finnish bioeconomy priorities for the EU 3. A regulatory survey on Bioeconomy bottle necks and boosters 4. A project on inventorying biomass resources 5. Promotion of exports of biobased products and technologies Supportive actions 6. A communication and media action plan 7. Tools for promotion and a public discussion

11 Finnish forests in a nutshell Total forest area 22,8 mill. ha (75 % of the land area) Share of forest land owned by families 53 % Strictly protected forests 2 mill. ha (9 %) Certified forests of comercial forests 95 %

12 The potential of Finnish forests Finland s well-being is based on our ability to use renewable resources efficiently and sustainably. Forests and clean nature have always been the basis of our existence.

13 Conclutions Bioeconomy is the next economic wave Finland s well-being is based on our ability to use renewable resources efficiently and sustainably Finland is already offering the world sustainable bioeconomy know-how and solutions We are ready to share this expertise and offer solutions for resource efficient processing of biomass

14 Ask a Finn! Bioeconomy.fi