Bio Market Insights • March 24, 2020
Maine Governor Janet Mills has approved a new tax credit to incentivise the production of chemicals and fuels made from renewable resources. The US north-east state of Maine is well known for its forests and natural landscape. Investment attracted by the tax credit (also called LD 1698) is projected to create or retain more than 1,000 manufacturing jobs in the US forest sector alone over the next 10 years, according to an analysis by trade body Biobased Maine.