Funding for New Biobased Chemical Plants May Be Found Overseas, ACORE Official Says

Originally published in the Daily Environment Report on November 15, 2013.

PHILADELPHIA–Finding funding to build new facilities to produce biobased chemicals and biofuels is challenging in the current economic environment, but it is possible through specially crafted bonds and by building pilot and demonstration plants in countries seeking to support these technologies, the general counsel for the American Council on Renewable Energy (ACORE) said Nov. 13.

Biochemical and biofuel facilities are being successfully constructed and beginning commercial operation and production in the United States and abroad, Mark Riedy, who also is an attorney with Mintz Levin Cohn Ferris Glovsky and Popeo P.C., said during the first meeting of the Society for the Commercial Development of Industrial Biotechnology (SCD-iBIO).

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