Biobased chemicals and biofuels have taken root thanks to both popular appeal and political support. The consumer and political goals of reducing America’s dependence on foreign oil, enhancing national security, and greening the economy converge in biobased chemicals and advanced biofuels, the promising technology of producing commercial chemicals and fuels from renewable resources. With Congress’s commitment to advanced biofuels found in the 2007 Energy Independence and Security Act, compelling incentives to invest in and support growth of biotechnologies has spurred record production.
Much of the growth in biofuels technology development has been driven by the fuel-blending requirements set in the U.S. Environmental Protection Agency’s (EPA) Renewable Fuel Standard (RFS). But the RFS, along with other statutory incentives, is still tentative as biotechnology limitations have hampered a seamless adoption of advanced biofuels.
Companies investing in biobased products need continued legislative support to ensure their ability to flourish. Simultaneously, it is imperative that these companies recognize -- and work with -- regulatory standards that impact biobased products. Biotechnology companies have Bergeson & Campbell, P.C. (B&C®) to turn to for expertise on the legislative, regulatory, and scientific fronts.
Latest Legal and Business Bylines From B&C® Biobased and Sustainable Chemicals Practice Group Bergeson & Campbell, P.C.