Finland has the potential to become a world leader in biorefinery development. This is thanks to high-quality expertise in the field and the availability of leading-edge researchers and multidisciplinary research teams. Finland also has abundant resources in forest-based raw materials and advanced forest industries. These are some of the findings of a recent report by the Academy of Finland. The report presents the assessment of an international expert panel that evaluated the Academy’s Research Programme on Sustainable Production and Products (KETJU).