In a bioeconomy economic activity is based on sustainable use of renewable resources, and therefore it is widely considered as a component of circular economy. The bioeconomy has attracted substantial interest from policy-makers in in recent years – perhaps not surprising when you consider the numbers. In 2014, the broadly defined European bioeconomy field employed 22 million people and had an estimated annual turnover of approximately €2 trillion (Teräs et. al. 2014). In the Nordic context, the bioeconomy is of interest for both its environmental benefits and its ability to contribute to regional development. It contributes to local value-creation as generating, for example, energy and food locally keeps both revenue and jobs in the region. Bioeconomy is also about finding innovative ways to use natural resources, invigorate or revive traditional industries facing decline and increase the value of local production.