1st Biannual Meeting of the Blue Bioeconomy Pact

On May 29 2023, the biannual meeting of the Blue Bioeconomy Pact was held, where an update on the progress of the projects was given and which was attended by the Minister for the Economy and the Sea António Costa Silva, the Secretary of State for the Sea José Maria Costa and the President of IAPMEI Luís Guerreiro. 

The Blue Bioeconomy Pact is one of the mobilizing agendas for Business Innovation set out in the Recovery and Resilience Plan (PRR). It is a consortium of 83 entities: 53 are companies of various sizes and sectors of activity (from large multinational conglomerates to SMEs and start-ups) and 30 are ENESII - Non-Business Entities of the R&I System.

 

The main objective of the Blue Bioeconomy Pact is to drive the development of a cutting-edge industrial economic sector in Portugal, based on the sustainable application of marine bio-resources in multiple industries.  

 

Its various projects will contribute to decarbonizing the Portuguese economy through the blue bioeconomy: generating economic growth, creating jobs and reducing carbon emissions in the country. In short, this Consortium finds in the sea the solution to the global shortage of natural resources on land.