Tag Archives: american petroleum institute

US Senate tax bill would extend biodiesel, cellulosic tax credits

Posted on August 1, 2012 by admin

The $1.01/gal federal tax credit for cellulosic fuel production, as well as the $1/gal biodiesel tax credit, would each be extended under a proposal released Wednesday by the Senate Finance Committee. The cellulosic credit would also be expanded to include … Continue reading →

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Big Oil’s Big in Biofuels

Posted on May 10, 2012 by admin

BP (BP) has invested $7 billion in alternative energy since 2005. ExxonMobil (XOM) is spending $600 million on a 10-year effort to turn algae into oil. And Royal Dutch Shell (RDS/A) has invested billions of dollars in a Brazilian biofuels venture, buying … Continue reading →

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Sugar Cane Grows on Oil as $71 Billion Bet Outspends DC

Posted on May 10, 2012 by admin

BP Plc (BP/) has invested $7 billion in alternative energy since 2005. Exxon Mobil Corp. (XOM) is spending $600 million on a 10-year effort to turn algae into oil. And Royal Dutch Shell Plc (RDSA) has been buying up sugar cane mills, … Continue reading →

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Biofuel trade groups defend Farm Bill energy title, RFS2

Posted on April 11, 2012 by admin

Trade organizations representing many sectors of the biorefining industry, as well as other bioenergy stakeholders, are taking action on behalf of their members to encourage a strong energy title be included in the next Farm Bill. Biofuels trade organizations are … Continue reading →

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