Articles tagged with: tax credit
by Frank Jossi (Energy News) A federal tax credit passed earlier this year could increase the amount of carbon being stored underground. The revamped “45Q” tax credit boosts the amount of money available to companies willing …
by Jim Lane (Biofuels Digest) Bottom line, if you’re in the business of financing a renewable fuels project with a loan guarantee in the mix, you’re probably talking with some combination of New Energy Risk, Stern …
(U.S. House of Representatives Committee on Energy and Commerce Subcommittee on Environment) … A number of exogenous policies have greatly impacted advanced biofuels markets and RFS (Renewable Fuel Standards) compliance. These include trade restrictions and duties …
by James Osborne (Houston Chronicle) The Houston oil company Occidental Petroleum is studying a carbon capture project to deliver carbon dioxide to its oil fields in West Texas, the company announced Tuesday.
Engineers are expected to spend …
(U.S. Energy Information Administration/Ethanol Producer Magazine) Federal subsidies for renewable energy—including biofuels for transportation use and renewable generation of electricity—dropped to $6.7 billion in fiscal year (FY) 2016, a 56 percent decline from FY 2013. Renewable …
(Stanford University/Phys.Org) Although considered critical to avoiding catastrophic global warming, the feasibility of removing carbon dioxide from the atmosphere and storing it underground – known as negative emissions – has been in question.
But researchers at Stanford …
by Joshua D. Rhodes (University of Texas at Austin Energy Institute) Expanded Carbon Credit Could Spur New Coal Power Investment — The Furthering carbon capture, Utilization, Technology, Underground storage, and Reduced Emissions (FUTURE) Act, part of the recently …
by Jim Lane (Biofuels Digest) Have you ever wondered why corn farmers march for the RFS, but Wall Streeters don’t? Or why merchent oil refiners want the US Renewable Fuel Standard repealed but major oilcos generally …
(Algae Biomass Organization) In a historic victory for algae and other microbial technologies, Congress late last night approved a two-year budget agreement that establishes a $35 per ton tax incentive for carbon captured and recycled from …
by Emma Foehringer Merchant (GreenTechMedia) Expanded credits in the budget bill could “absolutely make the difference” for the economic viability of carbon capture and sequestration. — Among the energy credits tucked inside the budget deal eked out in early February lies a …
(Algae Biomass Organization) In a historic victory for algae and other microbial technologies, Congress late last night approved a two-year budget agreement that establishes a $35 per ton tax incentive for carbon captured and recycled from power plants …
(Wisconsin Clean Cities) The Bipartisan Budget Act of 2018, signed into law by President Trump today, included provisions to extend a host of Alternative Fuel Tax Credits. The incentives originally expired on December 31, 2016, …
by Ron Kotrba (Biodiesel Magazine) … (B)iodiesel companies are pressing Congress to pass the $1 per gallon biodiesel tax credit, which expired more than a year ago for the fifth time in its existence. On …
by David Bennett (Convenience Store Decisions) Whether it’s teaming with Tesla to install charging stations or integrating alternative fuel solutions, retailers are part of a changing transportation marketplace. — … Some analysts insist the internal combustion engine …
by Michael McAdams (Advanced Biofuels Association/Biomass Magazine) Last year was among the most active and interesting years we’ve seen in the biofuels space. The industry has confronted multiple challenges over the past 12 months, culminating in …
(25 x ’25 REsource) As Congress ratchets up its ongoing budget battles – the continuing resolution that is currently funding the government expires Jan. 19 – clean energy advocates of all stripes must hold lawmakers to …
(Fuels Institute) A report released today (December 12, 2017) by the Fuels Institute finds a strong disconnect between what potential car buyers say they will do and what they actually do when it comes to …
by Brent Erickson (Biotechnology Innovation Organization) … BIO has led the effort to prompt Congress to recognize the important and emerging biobased sector. Congress’ current effort to reform taxes can revitalize U.S. manufacturing and grow the …
(Bioenergy Insight) The American Biogas Council (ABC) has welcomed the introduction of a new bill in Congress which would extend the renewable electricity tax credit to include anaerobic digestion (AD) and biogas technology.
Congresswoman Elise Stefanik’s bill, …
by Steven Mufson and Chris Mooney (The Washington Post) The White House has branded this week “energy week,” rolling out a buzzword, “dominance,” and replaying lines from last year’s Trump campaign in an effort to …
by John Fialka (E&E News/Climatewire) In May 2016, investigators from the Government Accountability Office assembled a panel of 19 experts in Washington to explore what had happened to a program to develop a commercial market …
by Jim Lane (Biofuels Digest) In Iowa, Governor Terry Branstad has signed the Rebuild Iowa Infrastructure Fund bill (HF 643), which provides $3 million to fund the Renewable Fuels Infrastructure Program. In 2016, Iowa’s biodiesel plants …
by Jim Lane (Biofuels Digest) In Washington, Senate Finance Committee Ranking Democrat Ron Wyden (Ore.) and colleagues introduced a clean energy tax reform package that includes a proposal for a technology neutral tax credit designed …
(American Cleaning Institute) ACI praises Rep. Randy Weber’s “Stop Animal Fat Tax Credits Act,” Urges Its Inclusion in Tax Reform Package — Legislation introduced by U.S. Rep. Randy Weber (R-TX) would permanently put a stop …
by Dawn Carlson (Des Moines Register/Petroleum Marketers and Convenience Stores of Iowa) …Unfortunately, our state Legislature is considering legislation that would take us backwards.
Fuel retailers across the state have made substantial investments in offering and …
by Chris Clayton (DTN The Progressive Farmer) Leaders Tout Potential Growth, Challenges for Renewable Refinery Products — … Whether it is spoons, Coke bottles or carpets made out of corn, livestock enzymes for pharmaceuticals, or John …
by Steve Hardy (The Advocate) Environmentalists and industrialists find themselves standing shoulder to shoulder as they try to maintain a tax credit for low-emission vehicles.
The tax break encourages buyers to support Louisiana natural gas while …
by Nicolas Loris (DownsizingGovernment.org/The Heritage Foundation) … The problem is not with the voluntary use of biofuels in the marketplace, but rather policies that mandate and subsidize biofuels. …
Congress should end its intervention in the biofuels …
by Chris Lusvardi (Herald & Review) Legislation introduced in Springfield could boost efforts to attract bio-based businesses to Decatur and Central Illinois. The legislation introduced by state Sens. Chapin Rose, R-Mahomet, and Andy Manar, D-Bunker …
(Triangle Biofuels Industries, Inc.) For most, it’s hard to guess what is going to happen for biodiesel under the Trump administration. On the one hand, President Trump appears to be in favor of conventional petroleum …
by Jim Lane (Biofuels Digest) … This Administration is a team, so long as you generally understand that there’s one guy with the ball, he’s calling all the plays, and members of the Cabinet can block …
(New York State Senate) Clean Heating Fuel Tax Credit: The 2016-17 budget extended the Clean Heating Fuel Tax Credit from Jan. 1, 2017 until Jan. 1, 2020. It also requires that beginning in 2017, to …
(Vermont Business Magazine) … Welch (Representative Peter Welch (D-VT)) will reintroduce the bipartisan Renewable Fuel Standard (RFS) Reform Act, which will reform the corn ethanol mandate while continuing to promote advanced biofuels, as well as …
(National Biodiesel Board/Biodiesel Magazine) The National Biodiesel Board sent a letter to House and Senate tax committee leaders urging extension of the biodiesel tax incentive before it expires Dec. 31. The letter was sent on behalf …
by Ron Kotrba (Biodiesel Magazine) For better or worse, the U.S. biodiesel industry continues to consolidate. While 2014-’15 has been a rough period in the sector, the fallout has presented undeniable opportunities for key players …
by Jim Lane (Biofuels Digest) In Missouri, the National Biodiesel Board has named Donnell Rehagen as the trade group’s chief executive. Rehagen was named interim CEO in June after serving 12 years as NBB’s chief …
by Mark J. Perry (South Coast Today/American Enterprise Institute) … No question, there is a lot of hype about wind power being a huge potential source of energy. Its advocates like to point out that 80 million …
by Shelby Shepherd (KWQC) An hour before Trump and Clinton battled it out in Las Vegas, Iowa’s U.S. senate candidates battled it out in the western part the state they are fighting for. Republican Sen. …
(Biotechnology Innovation Organization) BIO today (October 18, 2016) sent a letter to Congressional Leadership, the Senate Finance Committee Chairs, and the House Ways and Means Committee Chairs calling for the extension of renewable energy tax credits …
(U.S. Department of Justice) The owners of an Indiana biofuel producer pleaded guilty to conspiracy, fraud and false statements for participating in a scheme that generated over $60 million in fraudulent tax credits and U.S. …
by George Lurie (The Business Journal) In a first-of-its-kind ruling, the U.S. Environmental Protection Agency (EPA) has approved Pacific Ethanol’s registration of its Stockton ethanol plant to generate valuable credits by producing cellulosic ethanol with …
by Scott Irwin (Farm Doc Daily/University of Illinois at Urbana-Champaign) RINs prices have been making headlines in recent months, with prices at times crossing the psychologically important $1 per gallon mark. Echoing earlier complaints (farmdoc …
by Jack Fitzpatrick (Morning Consult) Two conservative organizations and an environmental group are opposing the extension of tax credits for certain renewable energy sources that Democrats have supported for months. Friends of the Earth, Taxpayers for Common …
by Liz Mathis (Marion Times) Here in Iowa, we encourage gas stations to install flex fuel pumps and other equipment to offer homegrown, renewable ethanol and biodiesel. The Legislature’s investment of $3 million this year …
by Ron Kotrba (Biodiesel Magazine) … The U.S. biodiesel industry, through its trade association the National Biodiesel Board, joined a broad coalition of 50-plus industry groups calling for action on tax extenders this year by sending …
by Joanna Schroeder (Energy.AgWired.com) Another federal bill has been introduced to extend the biodiesel tax credit. Rep. Diane Black (R-Tenn.) has introduced the “Biodiesel and Renewable Diesel Incentive Extension Act of 2016” (H.R. 5994). The …
(Pacific Ethanol/Globe Newswire) Now generating valuable D3 cellulosic RINs – Expects to produce over one million gallons per year of cellulosic ethanol at Stockton, CA plant — Pacific Ethanol, Inc. (NASDAQ:PEIX), a leading producer and marketer of …
by Mike Chisam (The Hays Daily News) A recent article in the Hays Daily News, titled “Subsidized madness,” makes erroneous claims about the Renewable Fuel Standard and ethanol. The article attacks the RFS by using the …
(Pacific Biodiesel Technologies/Biodiesel Magazine) Pacific Biodiesel President Robert King attended in early July the formal signing of the Renewable Fuels Production Tax Credit by Hawaii Gov. David Ige, a long-awaited incentive for biofuels producers in …
(U.S. Department of Justice) Thomas Davanzo, of Estero, Florida, and Robert Fedyna, of Naples, Florida, pleaded guilty today for their participation in a multi-state scheme to defraud biodiesel buyers and U.S. taxpayers by fraudulently selling …
by Cole Rosengren (Waste Dive) Steve Miller, CEO of Oregon-based Bulk Handling Systems, testified in favor of more tax credits for biogas at a U.S. Senate Finance Committee hearing last week. Miller advised a five-year energy …
(Biofuels Journal) It just makes sense! That’s the sentiment from the Iowa Biodiesel Board and other supporters as Iowa Governor Terry Branstad signed SF 2309 into law today, expanding state biodiesel incentives.
The bill includes a …
(Biofuels Journal/National Biodiesel Board) The National Biodiesel Board released the following statement from Vice President of Federal Affairs Anne Steckel after Reps. Kristi Noem, R-S.D., and Bill Pascrell, D-N.J., introduced legislation to extend the biodiesel tax …
by Chris Clayton (DTN The Progressive Farmer) … Ethanol also remains stuck in a battle with EPA over vapor pressure with 15% ethanol over the summer months. 10% ethanol, E10, has such a waiver so it …
by Jim Lane (Biofuels Digest) … Cellulosic fiber makes up approximately 10% of the corn kernel and cannot be converted into ethanol during the typical production process. By utilizing Edeniq’s Pathway technologies, including specialized enzymes …
by Jim Lane (Biofuels Digest) … This week, U.S. Senator Sheldon Whitehouse (D-RI) introduced an amendment that would provide tax credit support for carbon capture and utilization technologies that enable the conversion of CO2 into valuable …
by Austin Harrington (Ames Tribune) Iowa Gov. Terry Branstad and Lt. Gov. Kim Reynolds came to Iowa State University Wednesday to sign a bill into law that will create a $10 million tax credit for companies …
(Biotechnology Innovation Organization/Business Wire) Today, six biofuel trade associations sent a letter to House and Senate leaders asking Congress for a multiyear extension of advanced biofuel tax credits. The Advanced Biofuels Business Council, Algae Biomass …
(Iowa State University Bioeconomy Institute) A new white paper has found that Iowa is better positioned than many domestic competitors to capitalize on the next frontier of bioprocessing in the United States. The report, titled “Biobased Chemicals: …
by Giles Parkinson (Clean Technica) Ever hear the story about why renewable energy can’t compete without a subsidy? You hear it all the time from the fossil fuel industry. And the response from renewables? Take …
by Jim Lane (Biofuels Digest) … So, how fast did petroleum expand production, in comparison to low-carbon renewable fuels? … One thing is clear, renewable fuels are moving fast, by comparison. From 1866 through 1899 (a year …
by Ron Kotrba (Biodiesel Magazine) After an extended period of policy uncertainty, the final renewable fuel standard (RFS) rule and a two-year retroactive reinstatement of the $1-per-gallon blenders tax credit are expected to bring stability …
by Michael McAdams (Advanced Biofuels Association/Biomass Magazine) … Second, we have both retroactive and forward-facing tax credits. For the first time in years, Congress injected some certainty into the market by extending expired tax provision for …
(Renewable Fuel Association) In response to the anti-ethanol rhetoric that has been dominating the presidential campaign in the run-up to the Iowa caucuses, the Renewable Fuels Association (RFA) sent a one-pager to media outlets to …
by George C. Ford (The Gazette) Authors contend state offers ‘discernible advantages’ — A report released Thursday (January 13, 2016) contends Iowa is better positioned than many other states to capture a large share of …
by Jim Lane (Biofuels Digest) Sometimes, the set-up of the transition from fossil fuels is as pretty and impractical as Dr. Doolittle’s Pushmi-Pullyu. The Digest investigates. — … For example, a renewable fuel does not qualify …
by Charles Lane (Washington Post) In August 2010, I proposed this wager to a fellow journalist: President Obama’s declared goal was to get 1 million plug-in hybrid and all-electric cars on the road in the …
by Erin Voegele (Ethanol Producer Magazine) In mid-December, Sen. Bernie Sanders, I-Vt., who is seeking the democratic presidential nomination, introduced legislation that aims to enact long-term extensions of several clean energy tax credits that benefit …
by Jim Lane (Biofuels Digest) They’re here. $2.05 per gallon, at-scale, domestically produced advanced renewable fuels — utilizing non-food feedstocks and based on next-generation technology. The Navy’s 7-year quest to diversify its fuel supply without …
by Erin Voegele (Biodiesel Magazine) On Dec. 18, President Obama signed a $1.1 trillion spending bill and accompanying legislative package of tax extenders into law. The legislation includes two-year extensions of several tax credits that …
(American Coalition for Ethanol/Ethanol Producer Magazine) Bipartisan congressional approval of recent legislation restoring tax credits for retail fuel station owners who buy equipment to offer alternative fuels could further increase availability of E85 and profitability …
by Jim Lane (Biofuels Digest) … Q. How have the US elections and the regulatory situation in the US impacted development of biofuels for other countries, particularly Latin America? … Not much impact from the 2014 …
by Varun Sivaram and Michael Levi (Council on Foreign Relations) … In this post we’re going to estimate the climate impact of the renewables tax credit extensions. We focus on 2016-2020 for three reasons: (a) …
by Jim Lane (Biofuels Digest) … “In the old days, ethanol was a political commodity,” Informa Economics Senior VP Scott Richman told the crowd assembled at the Canadian Bioeconomy Conference in Vancouver this week, organized by the …
by Jim Lane (Biofuels Digest) Electric cars and their $1600 cost per ton for CO2 reduction. And, yep, you’re paying for it. Electric cars have environmental benefits, no doubt about it, and anyone who drives one …
(Environmental and Energy Study Institute) On October 21, the Advanced Biofuels Association, along with the Petroleum Marketers Association and other retail fuel groups, expressed opposition to changing the biodiesel and renewable diesel blenders’ tax credit. …
(Advanced Biofuels Association) During the Senate Finance Committee’s July markup, Senator Charles Grassley offered an amendment, co-sponsored by Senator Maria Cantwell, which would extend the biodiesel and renewable diesel tax credit for two years. However, …
by Olga Grigoryants (Pacific Standard) Last year, Simi Valley Landfill entered what is becoming a fast-growing business of transforming fetid odors from decaying trash into fuel, a feat made possible by the miracles of modern chemistry …
by Damian Carrington and Harry Davies (The Guardian/MSN.com) The world’s biggest and most profitable fossil fuel companies are receiving huge and rising subsidies from US taxpayers, a practice slammed as absurd by a presidential candidate given …
by Jennifer Blair (Alberta Farmer Express) Effort would create more demand and help with reductions in greenhouse gases — The new provincial government needs to walk the walk — not just talk the talk — on …
by Joanne Ivancic* (Advanced Biofuels USA) Golden Leaf Energy’s Troy A. Clark grew up in Louisiana. Studying chemical engineering at Tulane University brought him into contact with the oil industry. And yet, as his career …
by Christopher Doering (Des Moines Register) The White House proposed Tuesday nearly $24 billion in discretionary spending for the U.S. Agriculture Department in its fiscal year 2015 budget proposal, a decline of close to $2.5 …
(GlobalData) The US biodiesel industry is on pace to produce more than the 1.28 billion gallons set under the Renewable Fuels Standard (RFS) for this year, says a new report from research and consulting firm …
(Algae Industry Magazine) The U.S. Departments of Energy and the Treasury have announced the availability of $150 million in Advanced Energy Manufacturing Tax Credits for clean energy and energy efficiency manufacturing projects across the United …
