Evaluation of the economically justified usability of Baltic Sea algae as a bioresource for the promotion of circular economy

Project description

The study aims to provide new insights into the use of the Baltic Sea algae as a bioresource of circular economy. The project focuses on a biorefining process that uses the potential of algae biomass to produce products with high added value. The project will evaluate economically justified use of Baltic Sea algae, the possibilities of intensifying the return of biomass for the promotion of sustainable development. Using algal biorefining and the biomass cascade principle, it is expected to maximize the use of biomass resources, creating high-value products such as bioenergy, biostimulants. Thus, energy independence, business development and investments will increase. Such an approach promotes the efficient use of resources, reduces the amount of waste, promoting a circular economy, sustainable development. The project promotes the economic growth of bioresource industries in the Baltic region, which increases competitiveness by promoting export, international cooperation and the potential for achieving climate neutrality goals.