The main factors affecting the entry of SMEs into bio-based industry

Jernström, Eeva; Karvonen, Vesa; Kässi, Tuomo; Krasławski, Andrzej; Hallikas, Jukka

doi:10.1016/j.jclepro.2016.08.165

Cited by 40 publications

(34 citation statements)

References 37 publications

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“…This refinement includes offers connected to bio-energy [5,9,22], bio-fuels [6,23,24], bio-plastics [2,[24][25][26], chemicals [22,24,25,27], pharmaceuticals [5], nanocellulose [25,27], and tourism and services [28]. Much of this discussion is related to the concept of bio-refinery, which is frequently studied and should lead to changing value logics [5,25,[29][30][31][32][33]. However, an ongoing debate exists on the value generated from bio-refinery outputs, as many argue that the value added from bio-energy and bio-fuels is low [9].…”

Section: Value Propositionmentioning

confidence: 99%

“…Considering the economic value generated through a shift to a bio-economy can create new income streams; for example, for pulp and paper companies, a high potential exists to move away from stagnating markets with new business models [27,30,32]. In addition, many articles highlight the environmental value through which the bio-economy can support sustainability [1,6,26,28,34].…”

Section: Value Propositionmentioning

confidence: 99%

“…Even though little is mentioned in regard to intellectual and human resources in the literature, some research highlights that they are important activities to secure access to large financial resources. These resources are needed for the commercialization of new forest-based products [32] and to manage the high risk that is related to commercialization that can lead to an unwillingness to invest [30,34].…”

Section: Key Resourcesmentioning

confidence: 99%

“…Policymakers have placed the goal of a bio-economy high on their agendas and are important key partners who are frequently addressed in the literature [1,4,29,34]. However, regulations currently are unreliable; further, a need exists to integrate public support with the whole value chain to reach ambitious goals [27,29,30]. Other key partners addressed in the literature are research institutions [1,31] and suppliers [22,38], which also include forest owners [34,42].…”

Section: Key Partnersmentioning

confidence: 99%

“…Other key partners addressed in the literature are research institutions [1,31] and suppliers [22,38], which also include forest owners [34,42]. It is also highlighted that innovative entrepreneurs and SMEs are crucial for the success of a bio-economy [24,30]. Further, a joint effort is needed to facilitate specific clusters that bring actors together [31].…”

Section: Key Partnersmentioning

confidence: 99%

See 4 more Smart Citations

Circular Business Models for the Bio-Economy: A Review and New Directions for Future Research

2019

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Circular and bio-economy represents a political and industrial initiative to ensure that our society can rely on renewable biological sources while achieving economic growth. However, there is a need to critical review how realistic and feasible such initiatives are towards fulfilling the promised benefits of this economy. The literature on bio-economy often discusses the importance of innovative business models and their role in a successful shift to a bio-economy. Still, much of the discussion that is related to circular business models is fragmented and immature. Therefore, the purpose of this study is to conduct a systematic literature review of circular business model activities and the barriers to a bio-economy. Further, this review provides future research directions for a shift to a bio-economy. This study is based on a systematic review of 42 scientific journal articles and book chapters on a forest-based bio-economy. The business model canvas is used to provide a structured aggregation of the existing circular business models activities being used by the forestry sector. In addition, we develop a framework that describes the barriers to bio-economy-based circular business models and suggest new directions for future research. The study highlights the need for alignment among the elements of a business model as a key condition for its successful implementation in a bio-economy.

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Section: Value Propositionmentioning

confidence: 99%

Section: Value Propositionmentioning

confidence: 99%

Section: Key Resourcesmentioning

confidence: 99%

Section: Key Partnersmentioning

confidence: 99%

Section: Key Partnersmentioning

confidence: 99%

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Circular Business Models for the Bio-Economy: A Review and New Directions for Future Research

2019

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The Implementation of Emerging Clean Technologies and Circular Value Chains: Challenges from Three Cases of By-Product Valorization

Carraresi

Bröring

2022

Business Models for the Circular Economy

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Biomaterials technology and policies in the building sector: a review

Chen,

Zhang,

Chen

et al. 2024

Environ Chem Lett

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Traditional building materials have some drawbacks in the construction industry, particularly in terms of greenhouse gas emissions and energy consumption. Biomaterials derived from renewable sources are a promising alternative, significantly reducing the greenhouse effect and enhancing energy efficiency. However, traditional materials still dominate the construction sector, and there is a lack of understanding among some policymakers and developers regarding biomaterials. Here, we review building biomaterials and their policies and life cycle assessment through case studies. Bio-based materials have the potential to reduce over 320,000 tons of carbon dioxide emissions by 2050. They also exhibit advantages like decreasing water absorption by 40%, reducing energy consumption by 8.7%, enhancing acoustic absorption by 6.7%, and improving mechanical properties. We summarize recent advancements in mycelial materials, bioconcrete, natural fibers, and fiber-reinforced composites. We also explore the contributions of nanotechnology and microalgae technology in enhancing biomaterials' thermal insulation and eco-friendliness.

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The main factors affecting the entry of SMEs into bio-based industry

Cited by 40 publications

References 37 publications

Circular Business Models for the Bio-Economy: A Review and New Directions for Future Research

Circular Business Models for the Bio-Economy: A Review and New Directions for Future Research

The Implementation of Emerging Clean Technologies and Circular Value Chains: Challenges from Three Cases of By-Product Valorization

Biomaterials technology and policies in the building sector: a review

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