Sustainable strategies for industry, making increasing use of biogenic raw materials and sources of energy, are among the key elements of the ecologically sound economic system that we shall need in future. At the European level biobased industry and biobased products receive targeted promotion, since our dependence on fossil raw materials and sources of energy is reduced as this type of production is further developed and expanded, while the value created stays within Europe. Austrian research institutions and enterprises have for years actively pursued new approaches to employing renewable resources in industry and to developing innovative products and processes.