Bioeconomy includes all the sustainable, biomass-based economic processes which use renewable biological (agricultural, forestry, animal, microbial) resources as raw material for the production of food, feed, energy or fine chemical products and also all the actors of these processes. These processes ensure the transformation of agricultural and industrial biomass wastes and by-products into higher added value products, and thus are able to tackle interdependent societal challenges such as food security, scarcity of natural resources, dependence upon fossil fuels and climate change in a comprehensive way, bearing in mind the sustainable economic growth.
The Biotechnology Division has a decade-long history of research and development activity targeting the utilisation of industrial, agricultural by-products and plant biomass (e.g. whey utilization, bio-refining), therefore we complied with the EU innovation objectives concerning bioeconomy with ease.
We have established active cooperation on this subject with our partner companies as well as National Agricultural Research and Innovation Centre and Hungarian Chamber of Agriculture.
Bay Zoltán Nonprofit Ltd. is the funding member and the management organisation of the Hungarian Bioeconomy Cluster.