 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Verenium Commends Passage Of Farm Bill As Step Toward Greater Energy Independence
Cambridge MA (SPX) May 19, 2008 Verenium has applauded Senate passage of the farm bill as a boost for the development of next-generation cellulosic ethanol. The legislation, which cleared the House yesterday by a 318 to 106 vote and the Senate today by an 81 to 15 vote, included several key provisions that when signed into law will speed the development of cellulosic ethanol toward commercialization. "America is preparing for the next important wave of alternative fuels, and this bill is a watershed moment in our national effort to develop energy that reduces greenhouse gas emissions and lessens America's dependence on foreign oil," said Carlos Riva, President and Chief Executive Officer of Verenium. The measure provides: - A cellulosic biofuels production tax credit for up to $1.01 per gallon, available through December 31, 2012; - Funding for loan guarantees to commercial scale biorefineries for advanced biofuels, including cellulosic ethanol; - Modification of the ethanol tax credit to shift government support from corn ethanol to other renewable sources of energy; - A program to encourage farmers to establish and grow biomass crops in areas around biomass facilities, such as biorefineries, to reduce the environmental impacts; - Continuation of research and development through the biomass energy research program administered jointly by the Departments of Agriculture and Energy. The bill more than doubles current funding, providing $118 million for research; and - A multi-agency study to analyze current and future biofuels production, and their impact on factors such as land use, fuel prices, the price of grains and forest products, etc. Community Email This Article Comment On This Article Share This Article With Planet Earth
Related Links Verenium Powering The World in the 21st Century at Energy-Daily.com
Biodiesel Glycerin To Energy
Hartfield VA (SPX) May 15, 2008XcelPlus Global Holdings has announce the acquisition of a new alternative energy fuel technology and process that enables glycerin, a byproduct from bio-diesel production, to be converted to a fuel suitable for use in turbine engines. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook