Biomass is also used as a base product in the chemical industry and for the production of materials. The circular biobased economy involves the transition from an economy run on fossil fuels to one that runs on biomass and waste as its raw material.
Biomass is ideally suited as a replacement for fossil fuels in applications where carbon is essential, such as fuels, materials and chemicals. It can also be used for materials such as plastics, chemicals, cosmetics and medicines.