Tax Credit For Biochemicals

10 October 2013
Published in DalinYebo News

Washington DC (USA), September 2013: The proposed legislation [1] (introduce by Rep. Bill Pascrell, Jr. (D-NJ) and cosponsored by Rep. Steve Stockman, R-Texas) is described as a " bipartisan legislation which provides renewable chemical producers access to a production tax credit when they create American jobs and reduce our dependence on foreign oil ."

Furfural was first commercially produced in the USA in 1922. Today the USA, one of the major and growing markets [1] , imports 100% of its demand from China, Thailand, the Dominican Republic and South Africa. Furfural is one of the top 30 renewable chemicals [2] and a

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