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Biofuel Companies and Trade Associations Push for Extension to Investment Tax Credits for Cellulosic Biofuels and The Inclusion of Algae Biofuels

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A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend tax credits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those tax credits, and to create an option for monetizing the tax credits as tax refunds.

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Biodiesel Board Study Asserts Critical Importance of Biodiesel Tax Credit, Calls for Extension

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The original biodiesel tax credit was passed in 2004 and has been extended twice. per gallon excise tax credit. The study examined the economic impact of the biodiesel industry and the negative consequences of allowing the credit to lapse. Economic Impact of Eliminating the Biodiesel Tax Credit.

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President Obama Awards $2.3B for Tax Credits for New Clean-Tech Manufacturing Jobs; GE Gets Largest Battery-related Award

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billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. Porocel Industries, LLC. RE-Gen LLC will receive a $903,480 credit to support building a factory to produce Biomass Gasification Furnaces with a capacity of 250 systems/year.

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Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

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million in tax credits to four battery companies announcing plans to invest more than $1.7 The four companies receiving the tax credits and announcing plant plans are Johnson Controls-Saft Advanced Power Solutions LLC; KD Advanced Battery Group LLC; A123Systems Inc.; and LG Chem-Compact Power Inc. A123Systems Inc.

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Rechargeable Zinc-Air Battery Company Approved to Receive $6.8M in Loans and Tax Credits from the State of Oregon and City of Portland

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ReVolt Technology, LLC, a company that is developing rechargeable zinc-air batteries ( earlier post ), has been approved to receive a package of loans and tax credits from Oregon and Portland authorities totaling approximately $6.8 Tags: ARPA-E Batteries.

Zinc Air 230
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BIO Calls for Policies to Nurture BioBased Chemicals and Plastics Industry in US

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The Biotechnology Industry Organization (BIO) is calling for US Federal policies to nurture the biobased chemicals and plastics industry in the US as a means to offset the two-decade-long shift of the industry away from the US and towards the Middle East and Asia. Tags: Brief. US chemical market trade imbalance.

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GAO Report Concludes Industry and Government Face Significant Challenges in Meeting RFS Target While Minimizing Unintended Adverse Effects; Suggests Federal Research Give Priority to Non-Ethanol Biofuels

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A report recently published by the US Government Accountability Office (GAO) concludes that the US biofuels industry and federal agencies will face significant challenges in meeting the more demanding requirements for volumes of advanced biofuels in RFS2 while minimizing any unintended adverse effects. tax credit is.