Algae Agriculture Act of 2018
A BILL
To provide support for the production of algae, and for other purposes.
Sec. 2 National conservation practice standard for algae-based nutrient management systems
“(m) National conservation practice standard for algae-Based nutrient management systems—Not later than 2 years after the date of enactment of the Algae Agriculture Act of 2018, the Secretary shall establish and publish in the National Handbook of Conservation Practices, a national conservation practice standard for algae-based nutrient management systems.”
Sec. 3 Rural electrification assistance programs
“(A) renewable energy facilities; and
“(B) carbon capture and use.”
Sec. 4 Agriculture and Food Research Initiatives priorities
“(xi) development and testing of alternative feeds and feed ingredients to meet growing global demand for proteins, nutritional oils, and other feed components; and
“(xii) with respect to animal health, immune stimulants and other complements or alternatives to antibiotic drugs and biologics.”
“(vi) development and testing of new food ingredients.”
“(v) economic opportunities from new feedstocks or food products that expand agricultural opportunity in the United States through production on marginal or unproductive land, industrial systems, or coastal or open seawater, or that significantly increase the yield of food, feed, or other products from existing agricultural land;”
Sec. 5 Foundation for Food and Agriculture Research Purposes
Sec. 6 Studies
Sec. 7 Center of excellence
“(d) Algae protein center of excellence—The Secretary shall establish an Algae Protein Center of Excellence to accelerate development of a United States-based algae (including microalgae and macroalgae) industry that will serve as a hub for innovation and collaboration, among leading United States algae companies, international food corporations, and university research experts. The Center shall be comprised of one center for each of the following major protein markets:
“(1) Food.
“(2) Animal feed.
“(3) Aquaculture feed.”
Sec. 8 Energy programs
“(viii) fuel derived from biological processing of carbon captured from—
“(I) an industrial source that would otherwise be released into the atmosphere; or
“(II) air capture.”
“(V) fuel derived from biological processing of carbon captured from—
“(aa) an industrial source that would otherwise be released into the atmosphere; or
“(bb) air capture.”
“(k) Biobased content for recycled carbon—Not later than 1 year after the date of the enactment of this Act, the Secretary shall establish biobased content methodology for products from biologically recycled carbon that provides full credit for carbon content from biological processing of carbon captured from—
“(1) an industrial source that would otherwise be released into the atmosphere; or
“(2) air capture.”
Sec. 9 Assistance for algae production
“(24) Algae insurance policies
“(A) In general—The Corporation shall offer to enter into 1 or more contracts with qualified entities to carry out research and development regarding a policy to insure algae (including microalgae and macroalgae) that is grown for the production of food, feed, renewable biofuel, biobased products, or other purposes.
“(B) Research and development—Research and development with respect to the policy required under subparagraph (A) shall evaluate the effectiveness of risk management tools for the production of algae (including microalgae and macroalgae), including policies and plans of insurance that—
“(i) are based on market prices and yields;
“(ii) to the extent that insufficient data exist to develop a policy based on market prices and yields, evaluate the policies and plans of insurance based on other factors determined by the Secretary; and
“(iii) provide protection for production or revenue losses, or both.”