[ad#The Buzz Sponsor Ad]

ABO Commends Inclusion of Algae Biofuels in Tax Package

August 6, 2012
AlgaeIndustryMagazine.com

Mary Rosenthal, executive director of the Algae Biomass Organization (ABO), has released the following statement in support of the Senate Finance Committee’s approval of the Family and Business Tax Cut Certainty Act of 2012. The bill extends the existing cellulosic biofuel tax credit to include algae-based biofuels for the first time.

“The Algae Biomass Organization is extremely grateful that algae-based biofuels are being recognized as part of the existing cellulosic biofuel tax credit. Algae-based biofuels can be made right here in the U.S.A and work in existing engines and infrastructure, in many cases outperforming petroleum-based fuels. This credit and its bipartisan support will help our industry accelerate the commercial production of domestic fuels and hire workers across the U.S.A.

“We thank Chairman Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) for their leadership on the Committee, and especially the efforts of Senators Bill Nelson (D-FL) and Jeff Bingaman (D-NM) for their longstanding support of the great potential of our industry.

“The successful passage of this tax credit in the Senate and House would be a leap forward for our country’s efforts to achieve energy independence, promote jobs, and improve our national security.”

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2012 AlgaeIndustryMagazine.com. All rights reserved. Permission granted to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

From The A.I.M. Archives

— Refresh Page for More Choices
A $300,000 greenhouse will be constructed, and the Maine Algal Research and Innovation Accelerator (MARIA) will be formed, on the Bigelow Laboratory for Ocean Sciences' c...
The U.S. Department of Energy has ranked UC San Diego’s algae biofuels research effort the number one such program in the nation for the fourth consecutive year. The late...
The GNT Group, a market leader in using algae as natural ingredients for color, has begun construction of an additional spirulina plant at its headquarters in Mierlo, the...
The U.S. Department of Energy’s just released 2016 Billion-Ton Report: Advancing Domestic Resources for a Thriving Bioeconomy summarizes the most recent estimates of pote...
Tafline Laylin writes for Inhabitat.com about the elegant solution that Romanian designer Alexandru Predonu has conceived that uses solar energy to power a rotating desal...
Judy Siegel-Itzkovich writes in the Jerusalem Post that Dr. Iftach Yacoby and his research team at Tel Aviv University, in Israel, have genetically altered microalgae to ...