New algae market report shows boost to support mechanisms

April 3, 2014 |

In Ireland, Research and Markets has announced the addition of the “Global Algae Biofuel Technologies Market 2014-2018” report to their offering. Governments in various countries including the US, Italy, China, Germany, and India have been funding biofuel projects, and have introduced incentives and subsidies to vendors that produce biofuels. For instance, the US has announced a stimulus package of US$100 billion to develop clean, alternative, and renewable technologies. The US Government has also introduced its Renewable Fuels Reinvestment Act, which proposes an extension of Volumetric Ethanol Excise Tax Credit, allowing a US$0.54 per gallon tariff on imported ethanol until December 2015. It has also introduced various tax credits to help improve the production of ethanol.

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Category: Producer News

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