Sustainable development is the common goal of the current concepts of bioeconomy and circular economy. In this sense, the biorefineries platforms are a strategic factor to increase the bioeconomy in the economic balance. The incorporation of renewable sources to produce fuels, chemicals, and energy, includes sustainability, reduction of greenhouse gases (GHG), and creating more manufacturing jobs fostering the advancement of regional and social systems by implementing the comprehensive use of available biomass, due to its low costs and high availability. This paper describes the emerging biorefinery strategies to produce fuels (bio-ethanol and γ-valerolactone) and energy (pellets and steam), compared with the currently established biorefineries designed for fuels, pellets, and steam. The focus is on the state of the art of biofuels and energy production and environmental factors, as well as a discussion about the main conversion technologies, production strategies, and barriers. Through the implementation of biorefineries platforms and the evaluation of low environmental impact technologies and processes, new sustainable production strategies for biofuels and energy can be established, making these biobased industries into more competitive alternatives, and improving the economy of the current value chains.

Manufacturing processes and their economy are dramatically evolving due to machinery and digital control improvements. Artificial intelligence, big data analytics, and the Internet of Things are key tools for this new industrial revolution era based on Industry 4.0. Bioeconomy and circular economy concepts have appeared in the forest, agriculture, food, pharmaceutical, pulp and paper, chemical, biotechnological, and energy areas, etc., to achieve sustainable economic growth development via biomass valorization in a biorefinery platform. Biorefinery process development at an industrial scale requires the previous design and assessment of processes and technologies. Therefore, economic, environmental, and social factors should be evaluated to prevent the failure in one of these issues that could affect the performance of the others. With a growing interest in sustainable economic development, there is a need to incorporate new technologies early enough in the process design. This study aims to better understand how Industry 4.0 era tools can bring new solutions to the biorefinery process design, in terms of the technical, economic, environmental, and social factors. Thus, these tools could improve and revolutionize the process selection optimization, provide alternatives for biomass valorization, integration strategies, and the metrics selection for process evaluation, adding the approach toward sustainable economic development.