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New Mexico governor signs clean transportation fuel standard bill

New Mexico Gov. Michelle Lujan Grisham

March 7, 2024

BY Erin Voegele

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Fischbach, Budzinski introduce bill creating tax incentives for biobased chemicals, materials

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By Erin Krueger

17 hours ago

Chemicals Policy Business 

Reps. Michelle Fischbach, R-Minn., and Nikki Budzinski, D-Ill., on March 27 introduced the Biobased Materials Investment and Production Act, which aims to create tax incentives to support the production of biobased chemicals and materials.

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On April 7, U.S. Department of Agriculture Rural Development Montana State Director Bill Warden announced the agency is investing in the future of Montana’s biofuel industry through Beaverhead Tourism Council in Dillon, Montana.

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On March 31, the USDA Forest Service announced it will move its headquarters to Salt Lake City, Utah, and begin a sweeping restructuring of the agency to move leadership closer to the forests and communities it serves.

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Seeing investment tax credits (ITCs) for biomass projects come into effect is a welcome, long-overdue step for Canada’s forest sector. After years of uncertainty, the measure offers a starting point to restore investor confidence, according to FPAC.

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