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. – Today, the U.S. Department of Agriculture (USDA) announced a request for information on biofuel infrastructure priorities, seeking feedback from stakeholders on a key element of president’s promise to expand markets for higher ethanol blends like E15. Growth Energy CEO Emily Skor issued the following statement: “We appreciate the USDA’s outreach, and we look forward to sharing our insights on efforts […]
Today, our SVP of Federal Affairs Chris Bliley gave a presentation to the National Capital Area Chapter of the U.S. Association for Energy Economics on the role of the RFS and biofuel in our nation's energy policy, and taking questions from local energy experts. https://t.co/T554b0Wrj4