by Dave Collings (1898 & Co./Burns & McDonnell) For organizations looking to develop, construct and commission a new renewable diesel plant, it’s important to understand the various market conditions at play to avoid poorly made investments and the pitfalls of lost
45Q Carbon Oxide Sequestration Tax Credit
Back TO HOMEMcKinley, Veasey Introduce ACCESSS 45Q Act
by Erin Voegele (Ethanol Producer Magazine) Reps. David McKinley, R-W.V., and Marc Veasey, D-Texas, on Dec. 3 introduced the Accelerating Carbon Capture and Extending Secure Storage through 45Q (ACCESS 45Q) Act. The bill extends the date for projects to begin construction to
December 08, 2020 Read Full Article
Incentives Spur Investors to Pick Up Pace on Low-Carbon Projects
by Dean Scott (Bloomberg Law) Growing interest in combining federal, state credits in low-carbon projects; Congress’ inaction on 45Q credit extension a worrying sign for new efforts -- A mix of federal and state environmental incentives are drawing investors towards low-carbon,
December 01, 2020 Read Full Article
Congress Considers A Variety Of Programs To Incentivize Carbon Capture Projects
by Jim Magill (Forbes) As industry leaders and policy makers increasingly confront the challenges of battling climate change triggered by an excess amount of carbon dioxide (CO₂) and other greenhouse gases in the atmosphere, they are increasingly turning to an old
November 20, 2020 Read Full Article
The Energy 202: The Oil Industry Thinks It Can Work with Biden, Despite Call for 'Transition' Away from It
by Dino Grandoni with Alexandra Ellerbeck (Washington Post) Joe Biden said he wanted a “transition” away from the oil industry. But the oil industry itself thinks it can still work with the Democratic nominee should he win the White House
November 03, 2020 Read Full Article
Midwest AgEnergy Drilling Well to Test Carbon Capture at Ethanol Plant
by Maddie Biertempfel (KXNet) Midwest AgEnergy’s Blue Flint biorefinery in Underwood turns corn into ethanol, but that process’s byproduct, carbon dioxide, can be harmful to the environment. The energy company is working to mitigate those effects by testing out a carbon
October 15, 2020 Read Full Article
Is There Money for Renewable Fuels? Latest Perspectives on Financing Renewable Fuel Projects
by Mike Newman (Parhelion Underwriting Inc./Biofuels Digest) Connecting people from renewable fuels companies with projects they want to finance to the people who can finance them was a key goal for Parhelion Underwriting’s recent virtual roundtable. The finance panel included Justin Goldstein
October 13, 2020 Read Full Article
ExxonMobil Focused on Core Oil and Gas as Renewable Returns Too Weak: Official
(Energy Market Price/S&P Global) ExxonMobil remains focused on growing its core oil and gas business as alternative renewable energies are mostly unable to offer attractive rates of return compared to hydrocarbons, a top official at the US oil giant said
October 02, 2020 Read Full Article
How Will Carbon Credits Drive Energy Transition?
(ADI Analytics) Interest in the energy transition is growing rapidly and investments are following that interest closely as well. In the past year, global oil and gas companies have announced major goals and plans embracing the energy transition and have started
August 20, 2020 Read Full Article
Committee to Review Wyo. Carbon Capture, Utilization
by Jeremy Dillon (County 17/E&E News) The Senate Environment and Public Works Committee will head to Wyoming this week for a field hearing to analyze the state’s efforts on carbon capture and sequestration.The hearing is likely to provide another opportunity for
August 19, 2020 Read Full Article
Growth Energy to IRS: Ethanol Plants Ready to Capture More Carbon
(Growth Energy) Today, Growth Energy CEO Emily Skor submitted written comments on the Internal Revenue Service’s (IRS) proposed regulations under section 45Q, a performance-based tax credit for carbon capture projects. In her letter, Skor called on the agency to offer credit for carbon dioxide captured for
August 04, 2020 Read Full Article
COVID-19 Response and November Election: The Digest’s 2020 Multi-Slide Guide to 2020 Biofuel Issues to Watch
by Jim Lane (Biofuels Digest) Michael McAdams from Advanced Biofuels Association shared this short but illuminating slide guide at ABLC Digital last week to look at the big 2020 issues to watch affecting the biofuels industry. From tax credits, regulatory
July 17, 2020 Read Full Article
WEBINAR: Proposed Regulations for Section 45Q, An Overview and Discussion with the IRS --- July 21, 2020
The IRS and Treasury issued the long-awaited Proposed Regulations for the Section 45Q tax credit for carbon capture and sequestration on June 2nd. The Proposed Regulations provide guidance on key issues such as the contractual requirements for capturing carbon and
July 14, 2020 Read Full Article
Midwest AgEnergy's Blue Flint Facility Advancing CO2 Project; Receives $3.4 Million Grant
(Midwest AgEnergy) Midwest AgEnergy Group (MAG), the parent company to ethanol biorefinery, Blue Flint, near Underwood, ND, announced today that they received a $3.4 million grant from the North Dakota Industrial Commission and are moving forward with a project that will
July 01, 2020 Read Full Article
Biofuel Groups Urge Congress to Extend Tax Biofuel Credits
by Erin Voegele (Ethanol Producer Magazine) The Advanced Biofuels Business Council, Algae Biomass Organization, Biotechnology Innovation Organization, Growth Energy, National Biodiesel Board and Renewable Fuels Association sent a letter to the House Ways and Means Committee on June 19 expressing support
June 26, 2020 Read Full Article
Republicans Back Bill to Help Oil Sector
by Kelsey Tamborrino (Politico's Morning Energy) REPUBLICANS BACK BILL TO HELP OIL SECTOR: Texas Sen. John Cornyn introduced legislation on Tuesday to help the hard-hit oil sector during the coronavirus pandemic by reducing the royalty rate for payments due from oil, gas, minerals and coal
June 24, 2020 Read Full Article
Ethanol's Carbon Underground
by Luke Geiver (Ethanol Producer Magazine) Positioning into the low-carbon biofuels marketplace, ethanol producers are moving forward with sequestration strategies. A more lucrative federal tax credit, along with a reduced minimum production requirement, is making the economics attractive. After more than
June 16, 2020 Read Full Article
Carbon Capture and Storage Pipeline Grows by 10 Large-Scale Facilities Globally
(Global CCS Institute) The Global CCS Institute, an international think tank, has added 10 carbon capture and storage (CCS) facilities to its global database, bringing the total number of CCS facilities in various stages of development to 59 with a capture capacity of more than 127 million tonnes
June 09, 2020 Read Full Article
Godot Arrives: Carbon Capture Regs Released Public Comment DEADLINE: August 3, 2020
by Kelsey Tamborrino (Politico's Morning Energy) The IRS on Thursday released proposed rules for an expanded carbon capture and utilization tax credit, ending a more than two-year wait for the regulations. Congress expanded the carbon capture credit in early 2018
May 29, 2020 Read Full Article
The Door Is Open for Ethanol Producers and CCS
by Roxby Hartley (EcoEngineers/Ethanol Producer Magazine) Carbon capture and sequestration (CCS) is receiving a lot of traction thanks to two exciting developments in 2018 and 2019: 1) California’s Low Carbon Fuel Standard recognized CCS as a viable pathway to reduce emissions from
May 18, 2020 Read Full Article
There’s More than One Way to Save the Planet! Carbon Capture and Sequestration (CCS) Another New Market for Bioenergy
by Mike Newman (Parhelion Underwriting/Biofuels Digest) Carbon capture and sequestration (CCS) is an important strategy to reduce greenhouse gas (GHG) emissions and mitigate climate change. CCS is a process by which large amounts of carbon dioxide (CO2) are captured, compressed, transported, and sequestered.
March 18, 2020 Read Full Article
Most Efficient Source of Fuel May Be Tiniest Organism
by Shelley Schlender (VOA) ... The tiny single-celled, plantlike organisms known as algae are more efficient than other organisms at converting sunlight and carbon dioxide into the raw materials needed for foods, products and fuels. And not just a few
March 03, 2020 Read Full Article
45Q, the Tax Credit That’s Luring US Companies to Capture CO2 -- Cement, Ethanol, and Ammonia Makers Are among Those Looking to Convert Waste Carbon to Cash
by Melody M. Bomgardner (Chemical & Engineering News) ... The most effective policies, economists and industrialists agree, are those that put a price on carbon. Doing so with a tax could make for a potent policy, but the idea doesn’t
February 27, 2020 Read Full Article
IRS Unveils 45Q Guidance
by Kelsey Tamborrino (Politico's Morning Energy) Almost two years after Congress initially expanded a tax incentive for carbon capture and sequestration projects as part of its 2018 budget bill, the IRS on Wednesday released its initial guidance on how exactly industries
February 20, 2020 Read Full Article
Carbon Capture Initiatives and 45Q
by Cácia Pimentel* (Advanced Biofuels USA) On February 15th the Center on Global Energy Policy (CGEP) Carbon Management Research Initiative and the Women in Energy program hosted a panel of experts to discuss carbon capture policies and technologies, especially Carbon Capture, Utilization
February 18, 2020 Read Full Article
Exclusive: What’s in Republicans’ New Climate-Change Push
by Amy Harder (Axios) Trees, plastics and favorable tax policy are at the core of House Republicans’ new push on climate change — an effort to reassure voters they care about the problem after a decade of dismissing it. Why it
January 22, 2020 Read Full Article
IRS Delay Threatens Carbon Capture Projects
by James Osborne (Houston Chronicle) Almost two years after Congress passed a law more than doubling tax credits for power and industrial plants that build systems to prevent carbon dioxide emissions, efforts to begin construction are on hold. Companies have announced plans
January 15, 2020 Read Full Article
Carbon Capture Technologies: Biomass Industry’s Unique Opportunity
by Jessie Stolark (Biomass Magazine/Carbon Capture Coalition) Spurred by interest and growing recognition of the role biomass can play in mitigating climate change, project developers and policy makers are putting biomass on the map, but perhaps under a name you
January 14, 2020 Read Full Article
Carbon Capture and Storage Projects Advancing at Ethanol, Coal Plants
by Amy R. Sisk (Bismarck Tribune) As a Richardton ethanol facility gears up to store its carbon emissions underground, the company that runs a coal-fired power plant north of Washburn has secured funding to help determine whether it should pursue
December 11, 2019 Read Full Article
9 Hot New CO2 Applications
by Sam A. Rushing (Advanced Cryogenics/Biofuels Digest) ... Food and beverage applications often account for 70% of all tonnage consumed in the merchant sector. There are also demands of a captive and sequestration nature, which in my view, are generally categorized
December 10, 2019 Read Full Article
From Waste Woody Biomass to Carbon Negative Transportation Fuels via CCUS
by Philipp Stratmann (Velocys/Biofuels Digest) At this year’s ABLC Next Conference in San Francisco Velocys presented on the opportunity to produce negative emission fuels at our planned Bayou Fuels facility in Natchez, Mississippi. Whilst we were not the only company presenting on
December 03, 2019 Read Full Article
New Jersey Senator Calls for 45Q Probe
by Kelsey Tamborrino (Politico's Morning Energy) New Jersey Sen. Bob Menendez called on the IRS' watchdog to open an investigation into potentially fraudulent claims for the tax credit to capture carbon, known as 45Q. In a letter dated Nov. 19
November 28, 2019 Read Full Article
Catch & Kill: The Velocys, Oxy, Cemvita, Carbon Engineering, BHP, Ginkgo Chase to Catch Waste, Kill Emissions, Armed with New Organisms to Liberate Value
by Jim Lane (Biofuels Digest) In Mississippi, Velocys’ Bayou Fuels project has signed with Oxy Low Carbon Ventures to capture carbon dioxide from Velocys’ planned Bayou Fuels biomass-to-fuels project in Natchez, Mississippi, and securely store it underground in a geologic
October 11, 2019 Read Full Article
From FEW: 45Q Represents Opportunity for Ethanol; Request for Comments DEADLINE: July 4, 2019
by Lisa Gibson (Ethanol Producer Magazine) Under new size specifications for the 45Q tax credit, almost all ethanol plants are eligible, said Jamey Cline, in business development for Christianson PLLP. With revenues trending downward since 2018 and falling below operating expenses,
June 23, 2019 Read Full Article
IRS to Seek Comment on Key Issues to Be Interpreted in Section 45Q Tax Credit
(Hunton Andrews Kurth) The Department of Treasury (“Treasury”) and Internal Revenue Service (“IRS”) have released Notice 2019-32 (the “Notice”) seeking comment on key issues to be interpreted in the Section 45Q carbon oxide sequestration tax credit. Congress significantly enhanced the Section 45Q tax
May 17, 2019 Read Full Article
Earth Day 2019 – A Look at Carbon Negative and Carbon Capture Technologies, Advancements, and Possibilities
by Helena Tavares Kennedy (Biofuels Digest) ... What was a nationwide celebration and peaceful demonstrations for environmental reform in the U.S. by some estimated 20 million Americans, Earth Day events have now expanded to over 193 countries and more than a billion people
April 23, 2019 Read Full Article
Senators Introduce Bipartisan Carbon Capture Bill
by Miranda Green (The Hill) A bipartisan group of senators introduced a bill Thursday to increase federal funding toward developing carbon capture technology while also committing to fossil fuel use. Introduced by Senate Energy and Natural Resources Committee ranking member Joe Manchin (D-W.Va.), the
April 12, 2019 Read Full Article
USE IT Act: Reducing Emissions Through Carbon Use Innovation, Not Regulation
by Senator John Barrasso (R-WY) (Senate Committee on Environment and Public Works/OurEnergyPolicy) Read the entire piece and comment! Senator Barrasso's staff will be monitoring the discussion, and OurEnergyPolicy.org will prepare a discussion wrap-up for the Senator in two weeks. The Senator would
March 19, 2019 Read Full Article
Avenue 45Q
by Kelsey Tamborrino (Politico's Morning Energy) The Trump administration is developing guidance to help companies qualify for a built-out tax credit for carbon capture, utilization and storage — a welcome addition for industry officials and lawmakers who have complained the
March 14, 2019 Read Full Article
Bustos Helps Introduce Bipartisan Legislation to Boost Ethanol Production and Combat Climate Change
(Office of Congresswoman Cheri Bustos) Today (February 14, 2019), Congresswoman Cheri Bustos (IL-17) helped introduce the Utilizing Significant Emissions with Innovative Technologies (USE IT) Act. This bipartisan legislation would implement strategies that help ethanol producers develop carbon capture and storage (CCS) technologies.
February 18, 2019 Read Full Article
ABO Secures Unprecedented $136 Million For Algae and Related Projects — Deadlines Approaching
(Algae Biomass Organization) ABO’s ongoing work in Washington, DC, to educate Congress and federal agencies on the importance of robust algae research, development and demonstration has resulted in the release of an unprecedented series of funding opportunities for algae. Deadlines for