- implement a comprehensive "systems policy approach'' to federal support for deployment of advanced biofuels and bio-based products that recognises the need for co-ordinated end-to-end infrastructure development;
- inject immediate capital for bio-refinery construction, feedstock development and fuel-delivery infrastructure, by boosting funding and quickly issuing loans and loan guarantees;
- ensure a strong market for advanced biofuels by maintaining the Renewable Fuel Standard, addressing the 'blend wall' that limits the mandatory amount of biofuel in gasoline, and extending the cellulosic producer tax credit; and
- provide incentives for the range of bio-based products produced by bio-refineries, by ensuring that facilities are eligible for grant and loan programmes.
Congress asked to help out
The biofuels industry is appealing to Congressfor help to overcome obstacles in obtaining financial backing and bringing commercially ready advanced biofuels to the marketplace.
8 April 2009 22:00 GMT
Updated
25 November 2012 9:44 GMT
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