Federal Policy Opportunities for the Algae Biofuel Industry in 2010 Algae Biomass Summit San Diego, … Algae Biomass Summit -October 8, 2009 11 Federal Loan Guarantees ? … Federal Policy Opportunities for the Algae Biofuel Industry in 2010 Federal Policy Opportunities for the Algae Biofuel Industry in 2010 Algae Biomass Summit -October 8, 2009 2 Federal Framework for the U.S. Biofuel Industry? Renewable Fuel Standard? Federal Tax Incentives? DOE and USDA Grant Funding Support …

Algae Biomass Summit -October 8, 2009 5 RFS2 -Priorities for Algae Biofuels ? Create a regulatory process for evaluating new fuels and feedstocks that is streamlined, transparent, and should also be a process for re­evaluation.
Algae Biomass Summit -October 8, 2009 6 Federal Production Tax Incentives for Biofuels -Internal Revenue Code Section 40 ? Biodiesel Production Tax Credit-Biodiesel producers (or producers of diesel/biodiesel blends) can claim a $1.00 per gallon credit for biodiesel produced from virgin products such as and animal fats. expires on December 31, 2009. ? Volumetric Ethanol Excise Tax Credit-Gasoline suppliers who blend ethanol with gasoline are eligible for per gallon credit. Credit expires on December 31, 2010. ? Cellulosic Biofuel Production Tax Credit -Producers of cellulosic biofuel can claim a $1.01 per gallon tax credit. Credit expires on December 31, 2012…. ederal Tax Incentives – Priorities for Algae Biofuels ? Current production tax incentives do not include algae­based biofuels. Need to structure future tax incentives so that they are technology and feedstock neutral.
Algae Biomass Summit -October 8, 2009 8 Federal Grant Funding to Support Biofuel R&D -DOE ? $85 million for Algal and Advanced Biofuels (funding for 2­ 3 partnerships). iod closed (September 14, 2009). ? $50 million for Algal Biofuels Consortia to accelerate demonstration of ? $480 million for f Integrated Bio refinery Operations. Application period closed (June 30, ? $150 million for al” energy R&D projects. Application period closed (August 28, 2009). DOE is likely to iofuel solicitation in early FY 2010.

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