WHY IS BIOECONOMY IN
PUERTO RICO IMPORTANT?
Puerto Rico’s self-sufficiency and sustainability depend on adopting bioeconomics as its fundamental economic plan for the future.
Bioeconomy has already proven successful in other parts of the world and can be applied in Puerto Rico to achieve the following goals:
- Developing a circular economy to minimize waste and keep products and materials in use as long as possible
- Creating new economic opportunities and jobs in the bioeconomy sector, including agriculture, biotechnology, and sustainable manufacturing
- Improving public health by reducing pollution and exposure to harmful chemicals and promoting the use of sustainable and healthy food and products
- Increasing resilience to natural disasters and environmental challenges by implementing sustainable land and water management practices
- Utilizing innovative technologies to transform bio-based materials into commercial products
- Optimizing land use
- Maximizing product value by reusing waste as raw material for alternate production
- Promoting the use of renewable resources such as solar, wind, biogas, and water power to decrease dependence on fossil fuels and reduce greenhouse gas emissions
By implementing these principles, Puerto Rico can establish a sustainable and green economic model that benefits both the island and the environment while also increasing self-sufficiency.
2018 – 2019
In 2018-2019, the organization conducted a comprehensive study on the development of the Bioeconomy for Puerto Rico for the Puerto Rico Department of Development.
2019 – 2020
In 2019-2020, Bioeconomy Puerto Rico played a crucial role in supporting the biggest Landfill gas to LNG and CO2 project in the Caribbean – in obtaining the Act 73 decree and achieving 100% Recycling status.
2023
In 2023, Bioeconomy Puerto Rico remains dedicated to driving the transformation towards a bio-based economy and promoting sustainable development on the island.