Renewable Chemical Production Tax Credit
Supports Iowa companies producing high-value renewable chemicals from biomass with a tax credit to foster innovation and growth in the state’s renewable chemical sector.
Funder: Iowa Economic Development Authority
Due Dates (Anticipated): March 2027 (application window projected Feb 15–Mar 15)
Funding Amounts: Tax credit of $0.05 per pound of eligible chemicals produced; annual limit of $1 million per startup.
Summary: Incentivizes Iowa-based companies to produce high-value renewable chemicals from biomass feedstocks through a production-based tax credit.
Key Information: This is a forecasted opportunity; all dates are projected and subject to change.
Description
The Renewable Chemical Production Tax Credit, offered by the Iowa Economic Development Authority, is designed to support and accelerate the production of 30 designated high-value chemicals derived from biomass feedstocks. The program aims to foster innovation and growth in Iowa’s renewable chemical sector by providing a tax incentive to companies that utilize biomass to manufacture valuable chemical products. The initiative addresses economic development and sustainability by leveraging Iowa's agricultural resources and infrastructure.
