The Advanced Ethanol Council wants the Senate Finance Subcommittee on Energy, Natural Resources, and Infrastructure, to include the extension of two critical tax incentives in an energy tax extenders package. The incentives are the Cellulosic Biofuels Producer Tax Credit and the Special Depreciation Allowance for Cellulosic Biofuel Plant Property. In a letter to Subcommittee Chairman Jeff Bingaman, D-N.M., and Ranking Member John Cornyn, R-Texas, AEC Executive Director Brooke Coleman wrote that their inclusions are vital to the ongoing development of the domestic advanced ethanol industry.
Coleman's letter pointed to an underlying reality, the lack of policy certainty is driving clean energy investment overseas and putting the United States behind the eight ball when it comes to clean energy development. The AEC has been a vocal advocate for extending these important tax provisions.
In reaction to a failed amendment by Senator Debbie Stabenow, D-Mich., to the transportation bill that would have extended these provisions, Coleman noted that unfortunately the Senate missed an opportunity to put to bed the pressing need to extend expiring tax incentives for cellulosic biofuels and other sources of domestically produced clean energy.
In a second letter sent to Congressional leaders, the National Corn Growers Association, the American Coalition for Ethanol, Advanced Ethanol Council, Biotechnology Industry Organization, Growth Energy, Renewable Fuels Association, 25x'25 Alliance and Energy Future, are urging Congress to support the Renewable Fuels Standard and reject attempts to reduce, waive, or eliminate it.
The groups also praised the RFS's role in supporting and expanding biofuels into the future. The groups wrote - because of the RFS, the advanced and cellulosic biofuels industry is now in the process of building new plants, innovating existing production facilities with emerging technologies, and introducing new product streams that will allow the renewable fuels sector to become more profitable, diversified and efficient.
In addition to letters, biofuels advocates are making visits to Capitol Hill to talk about the importance of renewable, domestic fuels. NCGA President Garry Niemeyer says they are there to drive home the message that the ethanol industry is an important part of the rural economy and that it plays an important role in moving our nation's energy independence forward. Niemeyer says the Renewable Fuel Standard is an important tool to help decrease our reliance on foreign oil by supporting jobs here at home.