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Ancient Biology for Modern Decarbonization

July 20, 2016

BY Matt Carr

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Brown introduces bill to create tax credit for biobased chemicals

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By Erin Voegele

August 22, 2024

BusinessChemicalsPolicy

Sens. Sherrod Brown, D-Ohio, and Pete Ricketts, R-Neb., in August introduced the Renewable Chemicals Act, a bill that aims to create a tax credit to support the production of biobased chemicals.

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ADM and South Korea-based LG Chem on July 12 announced they will not move forward with the development of previously announced joint venture projects to produce lactic acid and polylactic acid (PLA), citing skyrocketing construction costs.

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The Chemical Catalysis for Bioenergy Consortium, a consortium of the U.S. DOE’s Bioenergy Technologies Office, has launched an effort that aims to gather community input on the development of new biomass processing facilities.

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New Energy Blue on March 18 announced the formation of New Energy Chemicals. In phase one, the biochemical subsidiary will produce biobased ethylene for use in Dow’s renewable plastics. In phase two, the subsidiary will expand to SAF production.

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USDA on March 8 celebrated the second annual National Biobased Products Day, a celebration to raise public awareness of biobased products, their benefits and their contributions to the U.S. economy and rural communities.

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