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)

HOME Algae Industry Jobs

Copyright ©2010-2013 AlgaeIndustryMagazine.com. All rights reserved. Permission required 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
The University of Greenwich is leading a €10m international project, called the ‘D-Factory,’ to build a biorefinery to develop the microalga Dunaliella as a sustainable r...
Algae.Tec Ltd has received its first purchase order from Reliance Industrial Investments and Holdings Limited (RIIHL), in connection with the arrangements announced on Ja...
Solazyme, Inc. has announced results for the fourth quarter and full year ended December 31, 2013. “2013 was a year of great progress for Solazyme as we readied our first...
Valensa International and Contract Biotics have announced that Contract Biotics has started construction of an additional six acres of algae production units at the compa...
Technical standards define critical terms and metrics to add wisdom for the algae industry. Agreement among science and business leaders represents possibly the most diff...
Algatechnologies (“Algatech”), Israel, has announced a more than 100% expansion of its production capacity of AstaPure® brand natural astaxanthin. This doubling of capaci...
Yereth Rosen reports in the Anchorage Daily News that scientists at North Carolina State University’s Plants for Human Health Institute have found extremely high levels o...
Algal oil represents one of the significant segments within the omega-3 polyunsaturated fatty acid (PUFA) ingredients market. Specifically, docosahexaenoic acid (DHA) is ...
A new, outdoor system at the University of Dayton Research Institute has been producing a high volume of algae since its installation in the summer of 2013, even through ...
Kazuaki Nagata reports from Japan that while the Fukushima nuclear disaster has prompted vigorous discussion about alternative energy in Japan, there is a lack of a paral...
A University of New South Wales (UNSW)-led team of researchers has discovered how algae that survive in very low levels of light are able to switch on and off a weird qua...
Algae manufacturer Cyanotech Corporation has announced implementing three major initiatives to improve Astaxanthin production at their Kailua Kona, Hawaii-based cultivati...
Steven Mufson reports for the Washington Post that Algenol Biofuels estimates hackers have attempted to break into its computers 39 million times in four months this year...
Perth, Western Australia-based Algae.Tec Limited has announced that the Reliance Group has converted the first tranche of options following the positive progress achieved...
Following a request from the European Commission, the European Food Safety Authority (EFSA) Panel on Dietetic Products, Nutrition and Allergies (NDA) was recently asked t...
Matthew Carr was recently named executive director of the Algae Biomass Organization (ABO), the leading trade association for the algae industry. His presence will soon b...
Channelnewsasia.com reports on three young Spaniards who harvest seaweed, a culinary delicacy, as a way for them to stay out of Spain’s troubled financial waters. 35-year...
The EPA has released the Annual Use of Pesticides in the U.S. Report. We now know that American farmers apply roughly a billion pounds of toxic chemicals intentionally in...