A new report shows that advanced energy became a $1.1 trillion market globally in 2011, outpacing even pharmaceutical manufacturing worldwide, and the U.S. sector is expected to have grown by 19 percent last year, with American revenues rising to $157 billion. The report from Advanced Energy Economy highlights how in 2011 alone, this advanced energy sector, including hydropower, solar, wind, …
API Launches Fuels Campaign
Yesterday the American Petroleum Institute (API) announced a new TV advertising campaign. According to API’s Senior Manager, Cindy Schild, the ad is designed to highlight the importance of the nation’s refining industry. She said a strong energy future for our nation depends in part on our ability to refine and distribute the fuels we need – and that sound decisions …
Pompeo Bill Would Increase Petroluem Favoritism
U.S. Representative Mike Pompeo (R-Kan) has introduced a bill dubbed the “Energy Freedom and Economic Prosperity Act.” The bill eliminates tax credits for new industries attempting to compete with petroleum while maintaining billions in taxpayer subsidies for Big Oil. Furthermore, the bill would immediately eliminate every tax credit for alternatives to petroleum, including cellulosic ethanol, biodiesel and wind. Yet the …
Commit to Increasing Biofuels
As the World Future Energy Summit takes place in Abu Dhabi, the Global Renewable Fuels Alliance called on policy development, business and technology sector leaders to commit to increasing biofuels’ share of the future global energy mix. The goal of the Summit is to advance future energy, energy efficiency and clean technologies. “The GRFA has demonstrated that increasing biofuels production …
2013 Waste to Biofuels Market Analysis
According to a recent white paper from Renewable Waste Intelligence, there are two key issues facing the biofuels industry: consumers and vehicle manufacturers must be persuaded to adopt new, more environmentally friendly gasoline blends; and advanced biofuels manufacturers must demonstrate commercial capability and play catch-up to Environmental Protection Agency targets for production. With feedstock prices high for several feedstocks, including …
New Markets Tax Credits Spur Investment
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 …