Finland’s development during the last 100 years from a poor agricultural country with mainly manual work in the deteriorating forests, to one of the richest and happiest countries in the world is amazing.
Now Finland has more forests than ever before, and forest industries form one fifth of the total value of Finland’s industrial production. Efficiency has been gained by automation, machinery and ICT segments in the past. Now we have cutting-edge bio-products research and development, where several overlapping sectors contribute together creating innovations, value and well-being.
Dr. Silja Siitonen, Managing Director of Indufor Oy spoke at the Forestry Working Group meeting in the Third Meeting of China-Finland Committee for Innovative Business Cooperation, held on November 7, 2018, in Shanghai. The meeting was organised in conjunction with the China International Import Expo 2018.
“Bioeconomy encompasses the prosecution of renewable biological resources and their conversion into food, feed, bio-based products and bioenergy. It includes agriculture, forestry, fisheries, food and pulp and paper production, as well as parts of chemical, biotechnological and energy industries.” (Innovating for Sustainable Growth: A Bioeconomy for Europe, 2012)
The Finnish Bioeconomy Strategy refers to an economy that relies on renewable natural resources to produce food, energy, nutrients, products and services. The strategy also emphasizes the creation of new economic growth and jobs in line with the principles of sustainable development.
In her presentation, Dr. Siitonen described the role of the forest industry in the Finnish Bioeconomy. She also presented key principles for bioeconomy development. The forest sector covers over 30% of the total bioeconomy export value in Finland.