Novozymes: retain US ethanol tax incentives

In Denmark, Novozymes has urged the US Congress to retain the tax incentives encouraging renewable fuel development.

Asserting the recent success of the biofuels industry, Adam Monroe, President of Novozymes North America, argued for the long-term extension of the Cellulosic Biofuels Producer Tax Credit and the Special Depreciation Allowance for Cellulosic Biofuel Plant Property. A complete copy of Monroe’s testimony can be found here.