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Federal agency launches effort to improve data on the bioeconomy

May 22, 2023

BY Erin Krueger

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Fischbach, Budzinski introduce bill creating tax incentives for biobased chemicals, materials

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By Erin Krueger

April 13, 2026

Chemicals Policy Business 

Reps. Michelle Fischbach, R-Minn., and Nikki Budzinski, D-Ill., on March 27 introduced the Biobased Materials Investment and Production Act, which aims to create tax incentives to support the production of biobased chemicals and materials.

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Ecostrat Inc. and the BMI Group on March 12 announced a collaboration to leverage BDO Zone Ratings to ‘ready-state’ BMI’s legacy pulp and paper assets across Canada for next-generation investment in the bioeconomy.

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The U.S. Department of Energy Bioenergy Technologies Office (BETO) announced up to $23 million in funding to support research and development (R&D) of domestic chemicals and fuels from biomass and waste resources.

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The U.S. DOE has announced its intent to issue funding to support high-impact research and development (R&D) projects in two priority areas: sustainable propane and renewable chemicals and algal system cultivation and preprocessing.

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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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