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October 27, 2017
BIO Requests Reauthorization Of Biobased Assistance Program

On October 19, 2017, the Biotechnology Innovation Organization (BIO), an Associate member of the Biobased and Renewable Products Advocacy Group (BRAG®), announced that it and its member companies sent a letter to the House and Senate Committees on Agriculture requesting the reauthorization of the Farm Bill’s Biorefinery, Renewable Chemical, and Biobased Manufacturing Assistance Program (Section 9003).  According to the letter, “[s]everal renewable chemical startups and mature chemical companies are waiting to build their first-of-a-kind manufacturing facilities in the United States from homegrown biomass and technologies and will do so with the proper federal policy support.”   The letter explained that renewable chemicals provide economic stability for the construction of a biorefinery, since such products generate a higher value than biofuels.  Beyond supporting the U.S. manufacturing industry, manufacturing renewable chemicals in the U.S. helps to improve the trade balance, maintain U.S. leadership in renewable energy while reducing dependence on foreign oil, provide value-added crop for products, and create thousands of high quality jobs.  BIO and its member companies concluded by urging the Committees “to provide stable mandatory funding for all the core energy title programs that will continue the development of biorefineries, positively impacting the biobased economy and creating thousands of rural jobs.”


 
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