Bridging the Gaps for a ‘Circular’ Bioeconomy: Selection Criteria, Bio-Based Value Chain and Stakeholder Mapping

Kadambari Lokesh, Luana Ladu and Louise Summerton
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Kadambari Lokesh: Green Chemistry Centre of Excellence, University of York, York YO10 5DD, UK
Luana Ladu: Faculty of Economics and Management, Technische Universität Berlin, Sekr. MAR 2-5, Marchstraße 23, 10587 Berlin, Germany
Louise Summerton: Green Chemistry Centre of Excellence, University of York, York YO10 5DD, UK

Sustainability, 2018, vol. 10, issue 6, 1-24

Abstract: Bio-products and bio-based value chains have been identified as one of the most promising pathways to attaining a resource-efficient circular economy. Such a “valorization and value-addition” approach incorporates an intricate network of processes and actors, contributing to socio-economic growth, environmental benefits and technological advances. In the present age of limited time and funding models to achieve ambitious sustainable development targets, whilst mitigating climate change, a systematic approach employing two-tier multi-criteria decision analysis (MCDA) can be useful in supporting the identification of promising bio-based value chains, that are significant to the EU plans for the bio-economy. Their identification is followed by an elaborate mapping of their value chains to visualize/foresee the strengths, weaknesses, opportunities and challenges attributable to those bio-based value chains. To demonstrate this methodology, a systematic review of 12 bio-based value chains, prevalent in the EU, sourcing their starting material from biomass and bio-waste, has been undertaken. The selected value chains are mapped to visualize the linkages and interactions between the different stages, chain actors, employed conversion routes, product application and existing/potential end-of-life options. This approach will help chain-actors, particularly investors and policy-makers, understand the complexities of such multi-actor systems and make informed decisions.

Keywords: value chain; multi-criteria decision analysis; circular economy; value chain-mapping; bioeconomy (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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