On December 19, Congress approved a set of government funding packages that re-authorized two tax credits critical to the biofuels industry: the biodiesel tax credit and the second-generation biofuels tax credit. These tax credits have been waiting to be extended since they expired in 2017 and include renewal of a $1 per gallon tax credit for biodiesel through the end of 2022, and $1.01 credit for second-generation biofuels through 2020. By extending these credits, Congress has provided biofuels producers the certainty they need to plan for the future and invest in innovation that helps grow rural economies.
Growth Energy was pleased to join a group of industry associations in November in sending a letter to Congressional leadership asking for these credits to be extended and welcomed the great news for the biofuels industry. We applaud our champions in Congress for their continued efforts in fighting for rural America and for taking up this critical issue.
WASHINGTON, D.C. – Growth Energy CEO Emily Skor thanked members of the Congressional Biofuels Caucus for their efforts to deliver long-overdue relief to the biofuel sector in the next round of COVID-19 relief legislation. Led by Reps. Collin Peterson (D-Minn.), Rodney Davis (R-Ill.), Dave Loebsack (D-Iowa), and Roger Marshall (R-Kan.), 31 members of the caucus […]
WASHINGTON, D.C. – This week, Growth Energy submitted comments to the California Air Resources Board (CARB) following a July 15th workshop on Fuels and Infrastructure for a Carbon Neutral Economy. In his written submission, Growth Energy Senior Vice President of Regulatory Affairs Chris Bliley urged CARB to expand the use of higher biofuel blends to […]
Congressional #Biofuels Caucus urging negotiators of next #COVID19 relief package to include direct aid for #ethanol and #biodiesel https://t.co/ar8sEq5Zi2 #agnews @collinpeterson @EthanolRFA @GrowthEnergy @NationalCorn @brownfield
As negotiations over the next relief bill continue, the biofuel industry is reeling after staggering losses over the last several months. Whatever aid is passed must include support for biofuels, and our champions in Congress delivered that message to leadership today. https://t.co/yABlENMgUD
Members of both parties — Republican and Democratic — support the biofuel industry, simply because it's the right thing for their constituents. Rep. @RodneyDavis has long been a part of the bipartisan negotiations that support our industry, and we're grateful for him. https://t.co/eHeH6SNdI0