Algae Perspectives by Mary Rosenthal

Support Master Limited Partnerships Parity Act

May 21, 2013
AlgaeIndustryMagazine.com

Iwould like to request that you help our industry this month with a call to your Congressional delegation in support of new legislation that could have a game changing effect on how algae projects are financed.

As you may know, many biofuel companies (including those in the algae industry) have been adept at raising early stage capital for research and development. Yet when it comes to building a facility – a highly capital intensive effort – many biofuels companies find the expense is considered too high for traditional venture capital and too risky for traditional banks. As a result, many companies are forced to spend more time raising funds than deploying technology.

The Master Limited Partnerships Parity Act (MLPPA), recently introduced by Senator Chris Coons and a bipartisan group of co-sponsors, hopes to solve this problem.

For a company organized as a Master Limited Partnership (MLP), ownership interests are publicly traded and offer investors liquidity, limited liability and dividends – but are operated and taxed as partnerships. For years it has been primarily oil and gas companies that have benefited from the arrangement, comprising more than 90% of MLPs. This bill levels the playing field and gives renewable fuel companies the same tax treatment as their counterparts in the fossil world.

Please contact your state’s Congressional delegation and tell them you support expanding Master Limited Partnership to renewable energy companies.

Help us unleash the investments we need to provide the world with the renewable fuels, fertilizers, chemicals, medicines, carbon sequestration, wastewater treatment, plastics, and the many other innovations algae can provide.

Thank you, and keep up the good work!

(excerpted from ABO’s Algae InSight)

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