04/13/2026
The American ag bioeconomy is a $489 billion industry, and new bipartisan legislation could accelerate its growth significantly.
The Biobased Materials Investment and Production Act, introduced by Reps. Fischbach and Budzinski, would offer tax incentives to expand domestic biobased manufacturing: either $0.10 per pound of qualified renewable products or a 30% investment tax credit for facility construction and retrofitting.
For AMG, this kind of legislation hits close to home. We've spent 45 years engineering the facilities that make this industry run: fermentation plants, biorefineries, biomanufacturing infrastructure. We've seen firsthand what it takes to bring emerging bio-based processes from concept to industrial scale. And we know the bottleneck is rarely the science. It's good to see new ways emerging to improve the flow of capital in the bio-based economy.
For more details, read the Plant Based Products Council take on the new legislation, here:
March 31, 2026 WASHINGTON, D.C. – Plant Based Products Council Executive Director James Glueck released a statement