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Addressing the complexities of transitioning to a sustainable bioeconomy, this paper presents a novel approach for developing regional transformation pathways (RTPs) based on narratives derived from the shared socioeconomic pathways. The methodology emphasizes a comprehensive understanding of underlying perspectives and perceptions, incorporating socio‐economic, environmental, and political dimensions. The developed indicator framework captures a balanced representation of diverse interests by integrating insights from stakeholder analyses. The case study in the Rheinisches Revier region, Germany, exemplifies the approach's applicability, providing valuable insights for decision‐making processes in the context of regional transitions toward a low‐carbon economy. The results consist of five developed RTPs, offering a multitude of potential future trajectories of possible directions for regional transformations. Understanding potential pathways and related consequences is crucial for informed decision‐making concerning resource use optimization since transformations of that scale influence the composition of supply chains and resource networks. This informed approach contributes to strategic planning and helps ensure resources are utilized efficiently and sustainably. By emphasizing the crucial role of transparency and reflection of assumptions in addressing the complexities of societal transformation processes, our approach seeks to support the implementation of a sustainable and inclusive bioeconomy at the regional level. [ABSTRACT FROM AUTHOR]