Tag: tax

Argentina to raise biodiesel export tax to 15% as of July 1

Argentina to raise biodiesel export tax to 15% as of July 1

May 28, 2018 |

In Argentina, Reuters reports that the country’s export tax on soybean oil-based biodiesel will nearly double to 15% as of July 1 from the current 8% level. The move is in part to help boost tax receipts to compensate for the president’s elimination of export taxes on corn and wheat shortly after taking office in […]

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Vietnam raising environmental tax on petrol, affects biofuel

Vietnam raising environmental tax on petrol, affects biofuel

April 29, 2018 |

In Vietnam, the Ministry of Finance’s amendment to the Environment Protection Tax Law is drawing protests from biofuel producers as it impacts E5. Starting in July, every liter of petrol will be charged an additional VND1,000 in environmental tax. Tran The Truyen, CEO of Saigon Petro, told VietNamNet Bridge, that if the tax rates are […]

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Green Plains jumps into tax loophole and creates cooperative

Green Plains jumps into tax loophole and creates cooperative

February 21, 2018 |

In Kansas, Green Plains has jumped on the opportunity provided by the new tax reform and created a cooperative to take advantage of tax benefits provided under the new laws—at least in the short term until it undoubtedly gets reformed again. But with farmers forward selling up to a quarter of their crop, the company […]

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Fiji offering crop-based biofuel investments 10-year tax holiday

Fiji offering crop-based biofuel investments 10-year tax holiday

January 10, 2018 |

In Fiji, the Xinhua news agency reports that whereas governments in Europe are trying to discourage biofuel production from agricultural crops, the Fijian government is offering a 10-year tax holiday for those investing in crop-based bioenergy projects. The policy is part of the country’s wider push to tackle climate change with its Green Growth Framework […]

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Congress and Tax Legislation: It is Not Just About Biofuels.

Congress and Tax Legislation: It is Not Just About Biofuels.

November 20, 2017 |

By Brent Erickson, Head, Industrial & Environmental Section, Biotechnology Innovation Organization Special to The Digest It is clear that industrial biotechnology innovation is unlocking the potential to produce renewable building blocks for everyday products. The United States has become a leader in renewable chemical technology and has a wealth of low-cost, renewable feedstocks. BIO has […]

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Diverse coalition urge congressional committees to support biodiesel blenders tax

Diverse coalition urge congressional committees to support biodiesel blenders tax

October 31, 2017 |

In Washington, a diverse group of biodiesel producers, fuel retailers, and trucking interests sent a letter to the Senate Finance Committee and the House Ways and Means Committee in support of extending and phasing out the biodiesel blenders’ tax credit, and outlining their opposition to efforts to shift the credit to a producers’ credit, as […]

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Brazilian hydrous ethanol tax still under negotiation

Brazilian hydrous ethanol tax still under negotiation

December 21, 2016 |

In Brazil, the decision to reinstate a tax on hydrous ethanol at the mill gate from January 1 hasn’t yet been decided as the government is still in talks with the industry, but even if a decision is reached it won’t be before the beginning of the year. Mills have already priced in the tax […]

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Russia looks to dump heavy excise tax on ethanol to stimulate production

Russia looks to dump heavy excise tax on ethanol to stimulate production

September 19, 2016 |

In Russia, to help its ethanol industry achieve a 10% blend by 2020, the government is preparing to lift a heavy $1.62 per liter excise tax currently levied upon domestic fuel ethanol by year’s end. Such a move will stimulate production as the tax represented 90% of the production price, bring investors to the table […]

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Argentina hits biodiesel industry again with another boost to export tax

Argentina hits biodiesel industry again with another boost to export tax

March 14, 2016 |

In Argentina, the government boosted the biodiesel export tax for March to 6.4% up from 3.9% in February in a move that will weak knee the biodiesel industry still roiling from import restrictions into the European market. Currently biodiesel producers are running at 60% of production capacity due to limited export opportunities, limited further by […]

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Tamil Nadu protecting liquor tax base from ethanol competition

Tamil Nadu protecting liquor tax base from ethanol competition

January 5, 2016 |

In India, Tamil Nadu is working hard to protect its liquor industry that fills its coffers with tax revenue by ensuring that sugar mills are extremely limited in producing ethanol for transport. To achieve the mandated 5% ethanol blend, the state should have supplied 47 million liters but mills were only allowed to supply about […]

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