The chemical industry encompasses a broad range of products and applications across multiple industries and utilized by consumers in every business segment. This includes raw material production in manufacturing and in the pharmaceutical industry.
The Grants and tax credits recognize chemistry as a hard science, and therefore chemical companies should be benefiting from increased Grants and tax Credits through their continuous research, development, and innovation, as they serve their customers.
Examples of areas where qualifying R&D activities could exist
- Improvement of products and processes, in addition to the launch of new or customized products and formulations.
- Development of new or improved chemicals, compounds, and formulations to create sustainable solutions to alleviate environmental concerns, including the utilization of renewable materials and ingredients.