In a letter to the ranking members of the U.S. Senate committee overseeing agriculture, the Advanced Ethanol Coalition has asked that producer tax credits and the special advanced depreciation allowance for cellulosic ethanol be continued in the next Farm Bill.Instead of ethanol, why don't we convert cellulose to methane. I've already got an operational digester, it's called a cow. We could put those gas masks and fart collectors on them that Republican politicians swear EPA is ready to mandate to prevent global warming. It'd be perfect, and I'll gladly take a smaller tax credit than these guys are looking for. Really, I think they are searching for the cold fusion of biofuels.
“Several billion dollars have been invested in advanced biofuels development with the expectation that Congress will stay the course with regard to its commitment to the industry,” Coalition executive director R. Brooke Coleman wrote in the letter addressed to U.S. Sens. Debbie Stabenow of Michigan and Pat Roberts of Kansas.
Coleman continued; “A tax increase on advanced biofuels at this time would curtail investment and undercut an industry just starting to close deals and break ground on first commercial plants., be included in the new Farm Bill.”
Coleman also asked for extension of the U.S. Department of Agriculture’s loan guarantee programs; support for USDA support for biofuels construction and, in Coleman’s words, “increase the cost-effectiveness” of the Biomass Crop Assistance Program.
Thursday, February 16, 2012
Cellulosic Ethanol Groups Push For Tax Credit
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