Brazil actively promotes the development of the bioeconomy and will provide financial support to participants

The state of Para, located in the northeast of Brazil, is the country's largest producer of acai berries, accounting for about 94 percent of the country's production. Only 26.5% of an Acai fruit is edible, and during the processing of acai products, a large amount of fiber and seeds are discarded as waste. A Brazilian bioeconomy company recyles acai seeds to produce soap, which is favored by many consumers. "We want to provide more solutions that create business value while protecting the environment," said Ingrid Terres, head of the company.

In recent years, fully exploiting the potential of bioeconomy has become one of the important measures to promote the green transformation of the economy in Brazil. Brazilian media estimates that the Amazon bioeconomy market could reach $8.1 billion by 2050. In June 2024, Brazil officially promulgated the National Bioeconomy Strategy to encourage innovation and technological progress in related fields in order to promote industrial diversification and create more jobs. According to the strategy, the Brazilian government will establish the Brazilian National Bioeconomy Council and provide financial support for bioeconomy players such as researchers and community organizations.

In September 2023, the Bank of Brazil and the Inter-American Development Bank announced a joint investment of $250 million for the Bioeconomy and Sustainable Infrastructure Program in the Amazon region. Banco do Brasil has invested about $24.8 billion in the Amazon region and provided credit for the production and processing of cocoa, Brazil nuts and acai berries. "Supporting bioeconomic development will both protect the rainforest and generate significant income for local people." Said Sasselon, vice president of corporate governance and sustainable development at the Bank of Brazil.

Rubens Magno, president of the Small and Micro Enterprises Association of Para State, said that the northeast region of Brazil has very rich bioeconomic resources, and the association has established a bioeconomic center here to help small and micro enterprises achieve formal development. More recently, the association has established a platform for collaboration between researchers, government agencies, investors and entrepreneurs who are co-participants in the bioeconomy. "We hope to bring together players from different industries to share knowledge on the platform, help startups grow, facilitate investor participation and drive awareness of the potential of the bioeconomy at all levels of government." "Magno said.

New business forms and models based on the bioeconomy are emerging in Brazil. Located in the city of Manaus, the Biobusiness Centre is dedicated to researching and promoting innovative and sustainable solutions based on the rich biodiversity of the Amazon rainforest, extending the bioproduct chain and reducing by-product waste. At present, the center has developed and promoted technologies including the use of nut shells to make plastic products for vehicles.

Brazil is also actively strengthening international cooperation in the field of bioeconomy. In March 2024, Brazil and France jointly announced that they would mobilize 1 billion euros over the next four years for the development of bioeconomy projects in the Brazilian Amazon and the French Guiana Amazon, and that the two countries would also jointly create a shared center for bioeconomy research, investment and technology. In November 2025, the 30th United Nations Climate Change Conference will be held in the city of Belem, capital of the state of Para, Brazil, and one of its goals is to enhance the value of natural resources through the bioeconomy, while protecting the rainforest. "We want to actively cooperate internationally to show the world the value of Brazil's rainforests and develop the bioeconomy as a Brazilian advantage." "Magno said.