Iowa may soon be joining Arizona and Ohio in passing state legislation that supports the algae industry. On Tuesday a bill to give algae producers the same property tax treatment as other agriculture industries passed unanimously in the state’s Senate. The bill will help put algae on a level-playing field with other technologies and feedstocks.
The bipartisan support shows that algae-derived renewable fuels, fertilizers and other products have broad appeal for their ability to enhance our energy security and provide economic development to rural and urban areas.
As more algae companies close in on commercial production, we are wondering which states will be next.