Bio-Futures Value Chain
Figure 2 . Circular economy value chains Source : Aurecon
techniques or risk sharing when forming bio-companies . Another challenge is the distances involved in Australia ; the need for efficient logistics systems , which can leverage off existing infrastructure and locations , cannot be overstated .
One of the key areas of support needed is in providing mechanisms for funding to bridge the gap between successful demonstration of a new technology and commercialisation . In addition to the barriers facing manufacturing facilities construction , there are few long-term contract incentives or insurance policies for emerging sustainable feedstocks used to produce energy or renewable products . It is important that the development of feedstock supply is in pace with the processing capability development , as well as market demand and access .
However , the demand for bio-based products can change for the better very quickly , as public perceptions and purchasing preferences change , as can be seen since the COVID-19 pandemic . One of the key drivers and market movers will be when consumers begin to value and account for environmental benefits of these renewable technologies and products in consumer markets . For example , the current low purchase
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