Reintroduction of The Renewable Chemicals Act of 2021

Bill Pascrell & Brian Fitzpatrick, United States Representatives of the House, have reintroduced the Renewable Chemicals Act, legislation that will create an allocated tax credit for production of qualifying renewable chemicals from biomass or investment in production facilities. The bill will accelerate commercialization of the renewable chemicals and biobased products and help build a resilient biobased economy. Applicants for the tax credit will be evaluated on job creation, innovation, environmental benefits, commercial viability, and contribution to U.S. energy independence. A great push for the PHA-platform in the US. 

Read full press release by Rep. Bill Pascrell here.