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Hemp’s potential in the Bioeconomy

In recent years we have seen the first steps into the transition towards a Bio-based Economy and the circular economy.

Multiple drivers, some policy and geographically dependent, are steering an economy, where new bioproducts are replacing their fossil counterparts.

Green House Gas (GHG) emissions are reduced; while economic perspectives are developed supported by innovative policies.

In Ireland we have seen the launch of a National Policy Statement on the Bioeconomy, 2018 at the Irish Bioeconomy Foundation campus on the old Lisheen mine site in Tipperary. The Beacon Bioeconomy Research Centre has also been set up. (Add in links here).

The recent extreme volatilities in prices (fossil oil, biomass raw materials) and strongly fluctuating demand ask for robust systems to be
competitive in the long run.
An economy based on innovative and cost-efficient use of biomaterials for the production of food, feed, bioenergy and bio-based products should be driven by well developed, integrated biorefining systems.

Hemp seems to be the ideal plant due to its multiple uses and for the fact that it fits into a rotational system, thus not being too disruptive for traditional farming systems.

Hemp Cooperative Ireland sees hemp as a major force in creating a rural renaissance and combating climate change.