November 15, 2023
WASHINGTON – Today, Corn Refiners Association (CRA) President and CEO John Bode issued the following statement regarding the introduction of the Agricultural Biorefinery Innovation and Opportunity (Ag BIO) Act:
“The corn refining industry applauds Representatives Zach Nunn and Nikki Budzinski for introducing the Ag BIO Act. The advancement of this House bill marks an important step in strengthening the U.S. biomanufacturing sector, spurring industry-wide innovation, and investing in rural communities and economies. We are excited to work with Representatives Nunn and Budzinski as they champion this legislation to enhance U.S. competitiveness in the global bioeconomy and create opportunities for the millions of farmers, innovators, and entrepreneurs in rural America. We look forward to seeing this bipartisan bill pass in both chambers of Congress.”
The House Bill is the companion to Senators Amy Klobuchar (D-MN) and Jerry Moran’s (R-KS) bipartisan Agricultural Biorefinery Innovation and Opportunity (Ag BIO) Act. The legislation will strengthen the Biorefinery, Renewable Chemical, and Biobased Products Assistance program’s capacity to facilitate the advancement of biofuels, renewable chemicals, and biobased products. The bill will modernize the existing loan guarantee program and reinstate a grant initiative to bolster investments in pilot programs and demonstration-scale facility development through public-private partnerships.
More information on the Ag BIO Act is available on Representative Nunn’s website here.
The Corn Refiners Association (CRA) is the national trade association representing the corn refining industry of the United States. CRA and its predecessors have served this important segment of American agribusiness since 1913. Corn refiners manufacture sweeteners, starch, advanced bioproducts, corn oil, and feed products from corn components such as starch, oil, protein, and fiber.