Two Bioeconomy Projects Receive €10m in Just Transition Funding

Oct 10, 2024 | Bioeconomy, Climate Change, Green Architecture, Innovation

The EU’s Just Transition Fund (EU JTF) is a brand-new fund created under the 2021-2027 programming round. The Fund’s single specific objective is to support the regions and communities that are most negatively affected by the transition to climate neutrality, ensuring that no one is left behind, addressing employment, economic, social and environmental impacts that come with the shift away from carbon-intense activities.

In Ireland, the territory supported by the Fund will focus on the regions where there have been direct impacts from the move away from peat production and electricity generation from peat. Ireland is set to receive up to €84.5 million from the EU Just Transition Fund over the period to 2027. With the Government of Ireland’s match funding using Exchequer resources, up to €169 million will be available. Of this €169, €5m has been awarded to two bioeconomy projects in the region.


€5m has been awarded to the Lisheen Bioeconomy Scaleup Initiative (BioScaleUp)

Led by Tipperary County Council, this project will demonstrate six innovative technologies at the national pilot biorefinery facility at the National Bioeconomy Campus, Lisheen, Co. Tipperary. The initiative will see collaboration between universities, the Irish Bioeconomy Foundation, and the dairy and forestry bioprocessing industries. It will include scaling up and demonstrating the conversion of dairy-side streams, food waste and wood processing wastewater into biobased chemicals, materials and other high value biobased products and services.

A further €5 million is being awarded to the Mount Lucas Circular Bioeconomy Aquaculture Initiative (Circular IMTA), which is led by the Technological University of Shannon (TUS). It will demonstrate the production of new feeds and food ingredients from cultivated-duckweed and macroalgae at scale, using agri-food waste streams produced at a circular peatland integrated aquaculture site at Mount Lucas in Co. Offaly.

Both projects will also include significant training and upskilling opportunities in both facilities across a range of scientific, technical, and engineering, facilitation, business and finance areas related to biorefinery and biomanufacturing.

Commenting on the two newly funded initiatives, Minister McConalogue said: “The bioeconomy has the potential to improve the environmental, economic, and social sustainability of the agri-food sector through offering diversification opportunities…and reducing the use of non-sustainable inputs in all economic sectors including in the agri-food sector”.

Minister of State for new market development, farm safety, and research and development Martin Heydon said: “There are huge opportunities across the bioeconomy. Scaling-up and demonstrating technologies used to process, extract and refine valuable materials from biobased resources is central to developing the Irish bioeconomy. The two projects funded today will set this in motion, providing industry with pilot plant facilities that can help them to de-risk investment decisions and stimulate innovation in biorefining and biomanufacturing.

For more information on the Bioeconomy in Ireland, click here.

Related Articles