1. Short title This Act may be cited as the Carbon Utilization Act of 2018 . 2. Biorefinery, renewable chemical, and biobased product manufacturing assistance Section 9003(b)(3) of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8103(b)(3) ) is amended— (1) in subparagraph (A), by striking and at the end; and (2) by striking subparagraph (B) and inserting the following: (B) a renewable chemical or biobased product technology not described in subparagraph (A) that has been demonstrated to have technical and economic potential for commercial application in a biorefinery; and (C) a technology for the capture, compression, or utilization of carbon dioxide that is produced at a biorefinery producing from renewable biomass a biofuel, a renewable chemical, or a biobased product. . 3. Biomass research and development Section 9008 of the Farm Security and Rural Investment Act of 2002 ( 7 U.S.C. 8108 ) is amended— (1) in subsection (a)(1)— (A) in subparagraph (A), by striking or at the end; (B) in subparagraph (B), by striking the period at the end and inserting ; or ; and (C) by adding at the end the following: (C) carbon dioxide that— (i) is intended for permanent sequestration or utilization; and (ii) is a byproduct of the production of the products described in subparagraphs (A) and (B). ; (2) in subsection (d)(2)(A)— (A) in clause (xii), by striking and at the end; (B) by redesignating clause (xiii) as clause (xiv); and (C) by inserting after clause (xii) the following: (xiii) an individual with expertise in carbon dioxide capture, utilization, and sequestration; and ; and (3) in subsection (e)— (A) in paragraph (2)(B)— (i) in clause (ii), by striking and at the end; and (ii) by adding at the end the following: (iv) to permanently sequester or utilize carbon dioxide that is produced as a byproduct of the production of biobased products; and ; and (B) in paragraph (3)(B)— (i) in clause (i), by striking and at the end; (ii) in clause (ii), by striking the period at the end and inserting ; and