S. 2693: Biobased Market Expansion Act of 2025

The Biobased Market Expansion Act of 2025 aims to improve the recognition, procurement, and domestic production of biobased products, which are products made from renewable agricultural materials. Here is a breakdown of what the bill includes:

Expansion of Biobased Markets

The bill amends existing legislation to enhance the biobased markets program. Specifically, it intends to:

• **Increase procurement requirements**: Agencies will update annually the number of biobased-only contracts or the volume purchased under those contracts.
• **Promote domestic production**: Agencies are encouraged to buy biobased products produced wholly or partially in the U.S.
• **Establish price preferences**: Preference will be given to biobased products regarding pricing when compared to other products.

Training and Compliance

Under the proposed bill, federal agencies will be required to:

• Complete training for staff involved in procurement to ensure they understand and implement biobased product purchasing.
• Submitting reports to Congress about their compliance with the updated procurement requirements and training protocols.

Monitoring and Reporting

The bill introduces additional monitoring requirements, which include:

• Annual collection and public availability of compliance data from procuring agencies.
• Verification of procurement programs to ensure they follow the established guidelines, including sharing annual progress updates.

Federal Catalog Updates

Provisions are included for updating federal catalogs and systems to clearly identify eligible biobased products available for procurement.

Assessment and Review

A review is mandated within two years of enactment. This assessment will evaluate:

• How effectively the new procurement protocols are being implemented.
• The need for improved data collection regarding procurement programs.
• Recommendations for enhancing biobased procurement efforts in federal agencies.

This act aims to create a more robust market for biobased products, enhance domestic agricultural production, and align federal purchasing with environmental and economic goals.

Relevant Companies

• DOW: As a manufacturer of chemical products, DOW may find opportunities in biobased product development and procurement.
• GE: General Electric could be impacted by increased federal contracts related to energy solutions that utilize biobased materials.
• AVY: Avery Dennison engages in producing materials that could shift to biobased alternatives, focusing on sustainable solutions for packaging.