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BIO applauds bipartisan renewable chemical legislation.

2015-08-05 14:31:08| Industrial Newsroom - All News for Today

BIO expresses thanks to Representatives Bill Pascrell (D-NJ), Mike Fitzpatrick (R-PA), and Richard Neal (D-MA) for introducing H.R. 3390, which provides renewable chemical producers access to production or investment tax credits currently available to other renewable energy producers. According to BIO's Brent Erickson, by creating level playing field in tax policy, U.S. industrial biotech companies can innovate and develop new renewable chemicals for production of bio-based products.

Tags: chemical bio legislation renewable

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