Killarney

<h3>A new collaborative project aimed at developing a low carbon roadmap for Ireland&rsquo;s bioeconomy, will be led by Munster Technological University (MTU) with Teagasc, NUI Galway and the Central Statistics Office of Ireland.</h3>
 INFORMBIO, funded through the Department of Agriculture, Food and the Marine&rsquo;s Competitive Research Call, will develop a first Foresight Analysis for Ireland&rsquo;s bioeconomy, aimed at understanding the available bioresources and value chains which can best contribute to Ireland&rsquo;s 2050 climate neutrality target.
 INFORMBIO is one of 24 successful projects from 131 applications funded to a total of &euro;20.1 million under the Dept. of Agriculture, Food, and the Marine&rsquo;s 2021 research call.
 &ldquo;Given the enormous potential of Ireland&rsquo;s land and marine biological resources, the circular bioeconomy has emerged as one of the key opportunity areas to decarbonize primary sectors, and the economy as a whole, in a cost-competitive manner,&#8221; Project Coordinator James Gaffey, co-director of the Circular Bioeconomy Research Group at Shannon ABC in MTU, said.
 &#8220;By integrating bioresource and residue modelling, value-chain analysis, techno-economic assessment, life-cycle assessment, and climate scenario modelling, INFORMBIO, for the first time, attempts to quantify and model the potential of a circular bioeconomy to contribute to Ireland&rsquo;s climate and sustainability targets.&rdquo;
 David Styles, NUI Galway, will lead on life cycle assessment of priority bio-based value chains co-developed with expert stakeholders.
 The INFORMBIO project will also position Ireland as a front-runner among EU member states, by developing a prototype national bioeconomy monitoring system, enabling Ireland to track the development and progress of the bioeconomy against key bioeconomy indicators.
 R&eacute;amonn Fealy, working with Teagasc colleagues Maeve Henchion and Jesko Zimmermann in AFBSA, will lead on the design of a prototype monitoring system to benchmark Ireland&rsquo;s bioeconomy.
 The project is funded through the Dept. of Agriculture, Food, and the Marine&rsquo;s Competitive Research Call, with a budget of &euro;996,429.91 and will run until February 2026.

MTU to lead new €1m Low Carbon Roadmap project

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