On July 4th, Growth Energy submitted comments to the Internal Revenue Service (IRS) encouraging expanding tax incentives to encourage the capture, utilization, and storage of qualified carbon oxides by ethanol producers. The comments outline the huge potential for improving carbon capture within the nation’s 200 ethanol production facilities and the best options for doing so. The comments highlight the many benefits of carbon capture and storage, not only for the environment, but also for other industries:

“Because our main carbon oxide source is from fermentation, the U.S. ethanol industry produces a pure source of carbon dioxide, which is desirable not only to drive enhanced oil recovery and permanent geologic sequester, but also for use in food and beverage applications,” our comments explain. “With a fleet of more than 200 ethanol plants, there is room for additional opportunities to capture carbon if the final regulations provide a clear pathway to incent ethanol producers to install the proper equipment to capture carbon dioxide, a natural byproduct of fermenting sugar into alcohol.”

Read our full comments to the IRS by clicking here.

Latest Updates see all

get email updates on our work and how you can help

  • This field is for validation purposes and should be left unchanged.

Connect

“From the lab to the farm, new innovations have allowed us to ramp up production year-after-year, without expanding our environmental footprint." - @EmilySkor, @GrowthEnergy CEO https://t.co/vxgFJhY4QZ #IowaAg #Agriculture #Iowa #Biofuels

via @IowaFarmBureau

Global Ethanol Summit Day 2: Participants from 60 countries will continue to discuss transport #energy solutions that make economic sense. Attendees will also hear from @USDA Deputy Secretary Stephen Censky about global collaboration and trade of #ethanol. #GES #Grains19 https://t.co/iTq9qFwmPl

via @USGC

#Ethanol association @GrowthEnergy appoints new chairman https://t.co/QVakHUgMJ1 https://t.co/lJ6yXJ4v8U

via @biofuelsmag

“My hope for you is that no one walks away from this meeting wondering if ethanol will work for your country,” said LeGrand. “The answer, as we hope to show, is yes.” https://t.co/jXrb4u3cip

via @USGC