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The Circular Bio-based Europe Joint Undertaking (CBE JU) is a €2 billion partnership between the European Union and the Bio-based Industries Consortium (BIC) that funds projects advancing competitive circular bio-based industries in Europe. CBE JU is operating under the rules of Horizon Europe, the EU’s research and innovation programme, for the 2021-2031 period. The partnership is building on the success of its predecessor, the Bio-based Industries Joint Undertaking (BBI JU), while addressing the current challenges facing the industry. Shifting from non-renewable fossil raw materials and minerals to circular bio-based production processes is essential to reach the EU’s climate targets as set out in the European Green Deal. Strong,resource-efficient and competitive bio-based industries are important drivers of this change. By producing renewable bio-based products and materials from waste and biomass in an innovative, sustainable and circular way, they can contribute significantly to the climate neutrality target by 2050 while creating green jobs and sustainable economic growth in regions across Europe.