The Biotechnology Industry Organization (BIO) supports the incentives outlined in the Governors’ Ethanol Coalition report, Ethanol from Biomass: How to Get to a Biofuels Future.
According to a BIO release, “The technology for commercial production of ethanol from cellulosic biomass is ready today, but no modern biorefineries are currently operating to make use of the technology,” said BIO President and CEO Jim Greenwood. “The production incentive proposed by the governors would help jumpstart the construction and commercial operation of modern biorefineries by pioneering companies. We need to move quickly to ramp up production of renewable fuels that can help America move toward energy independence.”
BIO supports the Governors’ Ethanol Coalition’s recommendations to create a Cellulosic Ethanol Production Tax Credit and to fully fund research, demonstration and incentive programs authorized in the Energy Policy Act of 2005.