In Washington, President Barack Obama today signed H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Last night, the US House of Representatives voted by a 277 to 148 margin to approve the Obama tax deal, which extends the ethanol tax credit through 2011, and retroactively extends the biodiesel tax incentive and […]
In Belgium, the European Commission has authorized a €5 million investment aid for a pipeline infrastructure to transport waste CO2 from Albengoa’s Rotterdam ethanol plant to greenhouses in the “Zuidplaspolder”. The waste CO2 will be used to enhance crop growth, thereby reducing the current use of CO2 in flue gases obtained through the burning of […]
In Washington, the US Senate passed a tax policy package by a vote of 81-19, that includes a one-year extension of the Volumetric Ethanol Excise Tax Credit (VEETC) at its current level of $.45 per gallon. In addition, the package contained a one-year extension of the renewable diesel credit and a two-year extension of the […]
In Washington, hopes for an up or down vote on the ethanol tax credit and other biofuels provisions in the proposed Obama-GOP tax deal were rocked, when Senator Dianne Feinstein of California sought to amend the bill to slash the ethanol tax credit to 36 cents per gallon, and to repeal the ethanol tariff. Feinstein […]
In California, Wilson Sonsini has set up a webinar on USDA financing programs for bioenergy. According to WSGR, “We already have over 300 RSVPs and we just added John May from Stern Brothers and a speaker from Silicon Valley Bank.” The webinar will be Thursday at 1-2:30pm ET. More on the story.
In California, NASA has entered into a three year lease agreement with E Green Technologies to to bring the world’s largest airship to NASA Research Park at NASA Ames Research Center, Moffett Field. NASA will lease approximately 24,000 square feet of hangar space in historic Hangar 2 for EGT/21st Century Airships to develop and test […]
In Washington, Reuters is reporting that the current Senate tax bill will extend the ethanol tax credit at 45 cents per gallon, for one year. Meanwhile, Smithfield Foods CEO Larry Pope told Bloomberg that “It looks like the credit’s going down”. POET’s Jeff Broin said that “We can’t live without that incentive today,” while Growth […]
In the UK, the country risks missing a crucial deadline on Sunday to implement the European Union’s Renewable Energy Directive while it continues to implement its own policies under the Renewable Transport Fuel Obligation. The government says it is working to align the RTFO sustainability standard with the criteria set out in RED so that […]
In Washington, Senator Chuck Grassley of Iowa told reporters that ethanol and biodiesel tax extensions are included in an omnibus tax deal struck by President Obama and Republicans. Grassley could not say the exact amount of the proposed ethanol tax credit, but said that the deal would extend both credits through 2011 and would apply […]
In Washington, Senate Finance chairman Max Baucus of Montana introduced a compromise on the ethanol tax credit. Under the proposed compromise, the ethanol tax credit would be cut to 36 cents and renewed for one year; a 54 cent tariff on Brazilian ethanol would also be renewed. However, the Senate rejected the proposal in a […]
