The European Commission is pursuing economic growth that strongly supports sustainable development and promotes a low-carbon economy. Therefore, bio-based chemicals, and in particular bioplastics, have been put at the heart of the Europe 2020 strategies. 5 % of global oil production is used in the manufacture of plastics and, therefore, even a partial substitution of oil-based plastics with bioplastics offers huge markets and growth potential, not to mention the commercial potential of biopolymers in new product groups. Cellulose and hemicellulose contained in renewable natural resources such as forest biomass will be widely used in the production of new biochemicals in the future. From the point of view of competitiveness and Finnish industry, biomass utilisation should always be aimed at products with higher processing levels, instead of energy use. The production of biofuel from wood is also very challenging. In principle, the raw material is logistically expensive, challenging to process and the end product itself is low in value (recovery less than 65 % and price less than EUR 0.4 per kilo). Therefore, efforts should be made to selectively disperse biomass locally in such a way that the masses to be processed are as clean as possible. In addition, high value-added products should be sought, where chemistry skills in particular play a key role. The price of bioplastic monomers, such as polyols and functional organic acids, is around EUR 2-5 per kilo, which is likely to allow profitable new business also from regional biomass raw materials. The challenge is mainly technological. The development of the value chain, which would produce wood-based bioplastic monomers, would strengthen and develop the bioeconomy know-how in the area and would orient the region towards a global business that is profitable for the bioeconomy sector, where jobs are also created around forest resources and other local biomasses. In addition, the production of bioplastic monomers in integrated biorefineries makes it possible to produce biofuel less costly. This project is particularly related to the cross-provincial wood theme search and contributes to the objectives of the paper “New forms of wood use”. The aim of the project is to create new know-how in the implementation area and new knowledge for companies active in biorefining and/or companies seeking new business from biorefining, as well as new expertise for project promoters. The aim is to lay the foundations for new business by developing material-efficient and potentially energy-efficient processing options for biomass fractions to produce high value-added products. The project has been the subject of discussions with a number of companies during the preparatory phase and the delimitation of its content. A similar dialogue will also be pursued during the implementation of the project. The project makes use of readily available, quantitatively large and local biomass reserves as raw material. In particular, new possible routes for the exploitation of sugars from short rotation biomass will be explored. The final products are process concepts and sustainable chemical value chains for the production of bioplastics raw materials (monomers). Key actions of the project: 1) selection of short rotation biomasses and other biomasses suitable for the LCF biorefinery, 2) development of a selective pre-treatment method, 3) production and characterisation of catalysts, 4) characterisation of biomasses and products at different stages, 5) catalytic conversion of hemicellulose and cellulose derivatives into high value products (bioplastic monomers) and direct conversion of cellulose, and 6) review and reporting of results.The expected impacts and results of the project: 1) New solutions for the utilisation of wood raw material, in particular short rotation biomass and waste biomass (by-products), 2) new innovative applications for ligno-cellulosic sugars, 3) new opportunities for businesses to increase business efficiency by promoting material and energy efficiency, 4) new technologies especially for the SME sector, “processing scientific results into new products and production technologies” and 5) new skills for participating universities.