News | January 28, 2014

New Farm Bill Provides Long-Overdue Eligibility For Renewable Chemicals

WASHINGTON--(BUSINESS WIRE)--

The Biotechnology Industry Organization (BIO) today thanked Sen. Debbie Stabenow (D-Mich.), Sen. Thad Cochran (R-Miss.), Rep. Frank Lukas (R-Okla.), and Rep. Collin Peterson (D-Minn.) for supporting the Farm Bill energy programs and extending eligibility to new renewable chemical technologies. The conference report on the legislation contains $881 million in mandatory funding for the programs, long-overdue eligibility to renewable chemicals under the Section 9003 Biorefinery Assistance Program and Section 9007 Biomass Research and Development Program, and support for new purpose grown energy crops.

BIO President & CEO Jim Greenwood said, “The agreement announced today represents the successful culmination of two years’ efforts to reauthorize the Farm Bill. We congratulate the leaders of the House and Senate Agriculture Committees for their hard work on this bill, and we particularly thank Chairwoman Stabenow for championing new economic and employment opportunities in biomanufacturing under the energy title.

“With stable policy and the investments included in this conference report, Farm Bill energy programs will continue to help rural communities create economic growth and good paying jobs. The expansion of eligibility to new renewable chemical technologies and the support for new energy crops will create additional opportunities and improve U.S. economic growth across the country.”

About BIO

BIO represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIO produces BIOtechNOW, an online portal and monthly newsletter chronicling “innovations transforming our world.” Subscribe to BIOtechNOW.

Upcoming BIO Events

BIO CEO & Investor Conference
February 10–11, 2014
New York, NY

BIO Asia International Conference
April 8-9, 2014
Tokyo, Japan

World Congress on Industrial Biotechnology
May 12-15, 2014
Philadelphia, PA

BIO International Convention
June 23-26, 2014
San Diego, CA

Livestock Biotech Summit
September 16-18, 2014
Sioux Falls, SD


Copyright Business Wire 2014

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