Council: Thank you Chairman Peterson for Protecting the RFS
ABBC Director Brooke Coleman issued the following statement today:
“We want to thank Chairman Peterson and the Committee for their commitment to protecting the integrity of the Renewable Fuel Standard (RFS). Small refinery exemptions (SREs) have been issued to oil companies large and small secretly and unpredictably for years, and at great cost to America’s farmers and biofuel producers. This is a common sense proposal requiring a basic but important level of transparency and accountability to the SRE program. We very much appreciate the inclusion of this fix in the House package.”
Council Sends Letter of Support for Advancing GREEN Act Provisions
Today, the Advanced Biofuels Business Council co-signed and sent a letter to Chairman Thompson (Subcommittee on Select Revenue Measures) thanking him for his support of clean energy tax provisions included in the GREEN Act. The advanced biofuels tax incentives featured in the GREEN Act “will support U.S.-produced fuels that constitute a technological step beyond fossil fuel energy, boost feedstock prices and farmer incomes, encourage buildout of associated infrastructure, and back continued research that drives down the costs of biofuel production.”
10th Circuit: EPA Exceeded Statutory Authority on SREs
On Friday eve, the U.S. Court of Appeals for the Tenth Circuit struck down three Small Refinery Exemptions (SREs) improperly issued by EPA. The court ruling is the result of a May 2018 challenge brought by the Renewable Fuels Association, the National Corn Growers Association, the American Coalition for Ethanol and National Farmers Union. Procedurally, the 10th Circuit immediately vacated the three SREs in question. However, any SRE issued by EPA inconsistent with the opinion is vulnerable to legal challenge, as Reuters pointed out this morning
See: Court decision casts doubt on dozens of U.S. refinery biofuel waivers
Congress Extends 2G-PTC
Congress passed and President Trump signed legislation extending numerous biofuel tax provisions, including the Second Generation Biofuels Producer Tax Credit (PTC) and the Biodiesel Blender’s Credit. Click: here.
ABBC Director Testifies Before House Subcommittee on Energy
ABBC Executive Director Brooke Coleman testified today before the House Science Subcommittee on Energy. Full coverage of the hearing can be found here:
Clariant announced today that it has conducted tests on approximately 30 tons of miscanthus provided by INA, Croatia’s leading oil and gas company. Using sunliquid® technology, the consortium successfully converted miscanthus biomass into lignocellulosic sugars and ethanol at its pre-commercial scale facility bases in Straubing, Germany. Please find the full media release media release click here on the testing, check out INA’s video of the harvesting and visit GRACE’s website for the full scope of the project.
Council Endorses Financing Our Energy Future Act
U.S. Senators Chris Coons (D-DE) and Jerry Moran (R-KS) and Representatives Mike Thompson (D-CA-05) and Ron Estes (R-KS-04) re-introduced bipartisan legislation to level the energy playing field by giving investors in a range of clean energy projects access to a decades-old corporate structure whose tax advantage is currently available only to investors in fossil fuel-based energy projects (Master Limited Partnerships or MLPs). Click here for more information
Congresswoman Finkenauer Touts Importance of 2G Tax Credits
Today, Congresswoman Abby Finkenauer (IA-01) led 18 members of Congress in a letter to the Ways and Means Committee Chair, Richard Neal (D-MA) supporting tax credits to grow the second-generation biofuel industry. See Congresswoman Finkenauer’s press release here (ABBC statement included in the release).
Council Pushes Back on Land Use Claim in New York Times Mag
The New York Times Magazine published a letter submitted by the ABBC, refuting claims made by the magazine that the U.S. Renewable Fuel Standard has something to do with the global palm oil issue. The letter can be found here.
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MSW Advanced Biofuel Producers Call on Congress to Address Tax Extenders
Today, seven leading waste-to-energy advanced biofuel companies sent a letter to the House Committee on Ways and Means calling for action on tax extenders. For more information: PTC_MSW_feb7.19 – Copy