In Maryland, a new study from FIT Consulting considers the impact of the biodiesel industry on the U.S. economy, environment and energy security. It also examines the impact on the industry’s financial health if an important incentive – the biodiesel blenders tax credit (“BTC”) – were discontinued. By analyzing 2017 production and financial data, FTI […]
In Washington, Politico reports that there is a strong likelihood biodiesel tax credits could be made retroactive for 2018 and apply to 2019 with the new Congress when Iowa Senator Chuck Grassley takes over as the chair of the Senate finance committee. He is pushing for it as part of a tax extenders package during […]
In Japan, new IIASA-led research has found that a single climate mitigation scheme applied to all sectors, such as a global carbon tax, could have a serious impact on agriculture and result in far more widespread hunger and food insecurity than the direct impacts of climate change. Smarter, more inclusive policies are needed instead. The […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
