High rates of resource consumption and waste generation have put pressure on the ecological systems that govern in various countries of the world, which have proposed a circular bioeconomy as one of the solutions to this worrying problem.

This is defined as an economic and social system that aims to produce goods and services while reducing the consumption and wastage of raw materials, water and energy sources. However, for the circular bioeconomy to be successful, new companies and business models are needed, which in the case of Ecuador can be anchored in the care of ecological spaces such as Yasuní and green bonds.

In order to achieve this, drivers, opportunities, challenges and barriers for companies in the circular bioeconomy must be fully identified, both from a theoretical and practical point of view, and regional differences in these aspects must be analyzed across continents. in order to have a starting point that considers problems that other countries have already overcome. It is important to consider aspects such as lack of financial resources/capital and price competitiveness with traditional/linear product offerings.

Aspects such as the establishment of public policies, government support and waste recovery must also be taken into account. The policies defined for the implementation of biocircular economy enterprises require the establishment of strategies to compensate for the lack of incentive policies, fiscal policies and other macroeconomic aspects that are not developed in Ecuador.

It should also focus on developing and making appropriate technology available at the local level and enable price competitiveness with traditional options (linear and non-renewable based), all linked to business and governance implications.

This has not yet been implemented in the country, because we depend solely on the export of raw materials…

It is important to consider that in other countries that have started to implement this system, waste becomes a common raw material and bioproducts are introduced to the market with low price strategies, which causes an increase in consumption.

Higher pricing strategies for bio-based products (compared to non-bio-based products) need to be considered. In addition, technological development that contributes to the promotion of innovation would be generated.

For biocircular economy systems and country development to be successful, greater technological development and greater connectivity between actors in the value chain that converge on circular and sustainable business models are necessary.

This has not yet been implemented in the country, because we depend exclusively on the export of raw materials, and therein lies the importance of industrialization, production and production of non-primary goods, which can be financed even internationally on the basis of non-pollution of green areas, associated with the bioeconomy. (OR)