Green Chemicals Blog
Renewable Chemicals
Maine to implement Renewable Products Tax Credit
On March 18, 2020, the governor of Maine signed a legislation that promotes the production of renewable products in the state of Maine. This legislation, which offers an 8 cents per pound tax credit for the production of renewable chemicals and reinstates a latent biofuels tax credit at 5 cents per gallon, will reportedly help … Continue reading
Renewable Chemical Programming at 2018 BIO World Congress
BIO’s 2018 World Congress on Industrial Biotechnology in Philadelphia, July 16-19, 2018, is less than a month away! And with the tri-state region of Delaware, New Jersey and Pennsylvania ranking as one of the top markets for biotechnology and home to many startups, you won’t want to miss out on this year’s BIO World Congress. … Continue reading
Genomatica releases 4th Renewable Chemicals Survey
Genomatica just finished its survey of the mainstream chemical industry, in partnership with ICIS Chemical Business. One of the key themes in the survey, according to the company, is that there is still big optimism for renewables where 71% of the people surveyed believe that renewable chemicals will be in common use within five years. … Continue reading
US Commerce Dept. invests in Bio-Based Maine
The US Department of Commerce’s Economic Development Administration (EDA) will invest $519,930 as part of a $856,549 project to Bio-Based Maine, in partnership with the University of Maine, to develop a road map to advance biobased manufacturing, marketing Maine’s biobased assets to investors in new technologies and processes, and providing technical assistance to Maine forest … Continue reading
Senate introduced Renewable Chems Tax Incentive Law
The Biotechnology Industry Organization (BIO) today announced that Senators Stabenow (D-MI), Coons (D-DE) and Franken (D-MN) has introduced S. 2271, the Renewable Chemicals Act of 2015, a bill to amend the Internal Revenue Code of 1986 to provide credits for the production of renewable chemicals and investments in renewable chemical production facilities. S. 2271 would … Continue reading
Twitter Live: INFOCAST Sustainable Chemicals Summit
Held in San Diego, California, the INFOCAST Sustainable Chemicals & Plastics Adoption & Applications Summit brought together consumer brand, OEM, retail decision makers, venture capitalists, financiers, corporate strategics, chemical majors, specialty, bio-based and sustainable chemical companies to provide a detailed overview of the challenges they face in ramping up the adoption of sustainable chemicals and … Continue reading
USDA reports impact of bio-based chemicals to US economy
The US Department of Agriculture’s BioPreferred program released a study on the economic impact analysis of the US bioproducts industry (excluding biofuels or other renewable energy sources). The USDA commissioned the study under the 2014 Federal farm bill. The report was produced by a team led by specialists at Duke and North Carolina State Universities. … Continue reading
New Feedstock Paradigm: Winners and Losers
The chemical industry had adapted to crude oil prices that had been fairly stable at around $100-110/bbl since early 2011, so the rapid slide in prices in Q4 2014 and into this year has caused much heart searching in the industry. The USA and the Middle East had enjoyed a huge advantage of low ethane … Continue reading