There is a little secret in the renewable energy sector that many don’t know about – New Markets Tax Credits. These tax credits provide incentives for private investors to help fund projects that create jobs and diversify economics, and were extended for another year as part of the American Tax Relief Act. Congress first established the program in 2000 to …
Algae.Tec Awarded $12.15M from Australian Gov.
Algae.Tec has been awarded AU$12.15 million cash refund on Australian and overseas development costs for the financial years June 30, 2012 through June 30, 2015. The terms of the payment allow for an additional investment of AU$27 million on Algae.Tec technology developments, of which the Australian Government will reimburse 45 percent or $12.15 million. The approval is to support the …
AFPM Updates RFS Cellulosic Waiver Petition
The American Fuel & Petrochemical Manufacturers (AFPM) kicked off the year with a petition to the Environmental Protection Agency (EPA) to waive the 2012 cellulosic biofuel mandate. The organization says the biofuel industry has repeatedly failed to produce the cellulosic biofuel needed to meet the government mandate under the Renewable Fuel Standard (RFS). On January 9, 2012, EPA announced the …
USDA Invests in Bioenergy Research Projects
Agriculture Secretary Tom Vilsack visited a state-of-the-art bioindustrial facility in Pennsylvania on Friday, where he announced $25 million to fund research and development of next-generation renewable energy and high-value biobased products from a variety of biomass sources. “USDA’s continuing investments in research and development are proving a critical piece of President Obama’s strategy to spur innovation of clean bioenergy right …
Now is the Time to Invest in Renewables
The renewable industry remains abuzz about the American Tax Payer Relief Act that included the extension and modification of energy tax provisions. The tax extenders make investing in the renewables industry and in energy efficiency technologies a good move. Why? The firm of Faegre Baker Daniels LLP put together a brief overview of several key provisions that aid the industry …
U.S. Energy Initiatives to Build Biodiesel Plants
U.S. Energy Initiatives Corp (USEI) has signed a letter of intent to form a joint venture that will provide support to build several small scale biodiesel plants in California featuring Methes Energies Canada’s Denami 600 technology. Methes Energies Canada is a biodiesel equipment provider and biodiesel production. Collaboratively, a biodiesel plant will be built in Southern California with a nameplate …
You’re Invited – Green Guides Webinar
What’s it mean to be “green,” “non-toxic” and “renewable”? You’ll will be able to answer these questions after participating in the upcoming webinar: FTC ‘Green Guides’: Implications for biodiesel and biobased communications being held on January 17, 2013 at 1:00 CST. During the webinar, participants will learn what the Federal Trade Commission’s (FTC) revised “Green Guides” mean for biodiesel and …
Just in – Results from 100% Biofuel Jet Flight
The results are in from a flight powered by 100 percent biofuel. According to data released by the National Research Council of Canada (NRC), ReadiJet reduced emissions and provided better fuel efficiency than petroleum aviation fuel. ReadiJet is produced by ARA and Chevron Lummus Global using feedstocks developed by Agrisoma Resonance. Information collected in-flight on October 29, 2012 was analyzed by …
Renewable Fuels Legislation Crib Sheet
Although the Taxpayer Relief Act is an all but done deal, stakeholders across numerous industries continue to pick at the legislation. This is particularly true for the renewable energy industry. Legislation can be hard to digest and so the law firm Milbank, Tweed, Hadley & McCloy created a “crib” sheet, or alert, giving a brief overview of how the Act …
Students Earn Scholarships to Futher Biodiesel Education
Several students from around the U.S. will get a hands-on biodiesel education during the National Biodiesel Board’s Annual Conference: Momentum, February 4-7, 2013 in Las Vegas. Sixteen young college scientists were selected to receive scholarships to the conference, a program the National Biodiesel Board views as a long-term investment. “There is tremendous potential for this NBB program to have a …