Algae are said to be the green gold of the biobased economy. They are crammed with oils, fats, proteins and sugars – ingredients that are crucial in the production of food, animal feed, chemicals, materials and fuels. Wageningen University & Research is working on technology that will allow production chains for bulk products from algae to be developed in an economically efficient and sustainable way, for example in the project AlgaePARC.
In 2011, the ad hoc advisory committee for biobased products appointed by the European Commission formulated 15 main recommendations to stimulate the market development of biobased products. Four years later, the EU asked the expert group for biobased products to carry out an assessment of which actions had been taken based on these recommendations.