Advanced Biofuels USA: promoting the understanding, development and use of advanced biofuels around the world.

Call to Action for a Truly Sustainable Renewable Future
August 8, 2013 – 5:07 pm | No Comment

-Include high octane/high ethanol Regular Grade fuel in EPA Tier 3 regulations.
-Use a dedicated, self-reducing non-renewable carbon user fee to fund renewable energy R&D.
-Start an Apollo-type program to bring New Ideas to sustainable biofuel and …

Read the full story »
Business News/Analysis

Federal Legislation

Political news and views from Capitol Hill.

More Coming Events

Conferences and Events List in Addition to Coming Events Carousel (above)

Original Writing, Opinions Advanced Biofuels USA

Sustainability

Home » Business News/Analysis, Federal Litigation, Pennsylvania

UPDATE 2-Pennsylvania Says Bankrupt Refiner Owes $3.8 bln in Taxes – Filing

Submitted by on March 20, 2018 – 4:11 pmNo Comment

by  Jarrett Renshaw (Reuters)  The state of Pennsylvania wants a federal judge to halt the bankruptcy of Philadelphia Energy Solutions (PES), arguing the refiner owes an estimated $3.8 billion in fuel taxes, according to a court filing on Friday.

The state’s Department of Revenue said the refiner must make several changes to the proposed restructuring plan to ensure the taxes are paid before it can support the plan.

PES filed for bankruptcy protection in late January, blaming the costs of complying with the nation’s biofuels laws . The U.S. Environmental Protection Agency and the company struck a settlement last week, granting PES temporary financial relief.

Reuters reported that other factors may also have played a role in the bankruptcy, including the withdrawal of more than $590 million in dividend-style payments from the company by its investor owners.  READ MORE

Ethanol groups oppose proposed PES RVO settlement (Ethanol Producer Magazine)

Tags: , , , ,

Comments are closed.