MassBio would like to thank Congressman Richard Neal for taking the lead in introducing H.R. 3390, bipartisan legislation that levels the playing field for renewable chemicals by providing renewable chemical producers access to production or investment tax credits currently available to other renewable energy producers.

 

This bill will help stimulate the development of innovative renewable chemicals in the U.S. for the production of biobased products, which will support the growing life sciences industry, create jobs and impact a cleaner environment.

 

MassBio joins BIO in thanking Congressman Richard Neal and Congressmen Bill Pascrell (N.J) and Mike Fitzpatrick (PA) for introducing this legislation which supports innovation and will help U.S. companies compete in a rapidly growing global chemicals market.