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BIO Submits Comments regarding EPA's proposed rules for RFS.

2015-08-03 14:31:11| Industrial Newsroom - All News for Today

BIO submitted comments on EPA's proposed rules for 2014, 2015, and 2016 Renewable Fuel Standards (RFS). In said comments, BIO makes clear that uncorrected course will cause program to continue to undermine goals and requirements of statute, undercut investment in advanced and cellulosic biofuels, and raise greenhouse gas (GHG) emissions in transportation fuel sector. BIO also issued several recommendations to EPA.

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BIO Applauds Bipartisan Legislation That Levels the Playing Field For Renewable Chemicals

2015-08-03 06:42:42| chemicalonline Home Page

The Biotechnology Industry Organization (BIO) expresses thanks to Representatives Bill Pascrell (D-N.J.), Mike Fitzpatrick (R-PA), and Richard Neal (D-MA) for introducing H.R. 3390, which provides renewable chemical producers access to production or investment tax credits currently available to other renewable energy producers. Brent Erickson, executive vice president of BIO’s Industrial & Environmental Section, stated: “Federal policies that provide production or investment tax incentives for renewable chemicals will stimulate venture capital and domestic production of

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BIO supports tax extender legislation.

2015-07-28 14:31:08| Industrial Newsroom - All News for Today

BIO thanked Senate Finance Committee Chairman Orrin Hatch (R-Utah), Ranking Member Ron Wyden (D-Ore.), and other committee members for marking up legislation to extend critical tax incentives. Legislation would extend for 2 years the important Research & Development Tax Credit, Second Generation Biofuel Producer Tax Credit, Special Depreciation Allowance for Second Generation Biofuel Plant Property, and Controlled Foreign Corporation Look-Through Rule.

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BIO World Congress sets new record for partnering meetings.

2015-07-28 14:31:08| Industrial Newsroom - All News for Today

The 2015 BIO World Congress on Industrial Biotechnology recently concluded at the Montreal Convention Center. With more than 50 exhibitors, this year’s Conference drew around 1,200 industry leaders from 725 companies, 50 countries, and 37 states, as well as the District of Columbia. Organized by BIO, event hosted more than 1,400 partnering meetings, a 40% increase from 2014 BIO World Congress. Educational programming included 300 speakers and 48 sessions in 8 educational tracks.

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BIO CEO Participates in Stakeholder Forum on Section 9003 Program.

2015-07-21 14:31:11| Industrial Newsroom - All News for Today

BIO's Jim Greenwood presented and participated in national stakeholder forum, hosted by U.S. Department of Agriculture, to announce new Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program (Section 9003 Program). "With proper implementation," Greenwood said, "we believe the Section 9003 program will provide greater access to capital and equity for biorefineries...and will help spur the private investment needed to finance important new innovations."

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