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Governors' Biofuels Coalition
NEWS UPDATE April 2, 2014

Renewal of wind tax credit shows signs of life

Christopher Doering, Gannett Washington Bureau  •    •  Posted April 2, 2014

A credit to help the wind industry could soon be renewed, as lawmakers are expected to take it up this week along with nearly 50 other tax provisions that expired at the end of last year. The tax breaks, ranging from charitable contributions to corporate research, would be extended through 2015 as part of a sweeping proposal released by Sen. Ron Wyden, an Oregon Democrat who chairs the Senate Finance Committee, and the panel’s top Republican, Sen. Orrin Hatch of Utah. While the initial draft does not include production tax credits (PTC) for wind, geothermal, hydroelectric and other renewable power sources, a Wyden aide and officials representing the wind industry expected the measure to be included when the committee debates the bill Thursday. The draft included measures that were largely not controversial. [ read more … ]

Troubled cellulosic company gets $25M lifeline

Amanda Peterka, E&E reporter  •    •  Posted April 2, 2014

Imperiled biofuel company KiOR Inc. has staved off bankruptcy for now with a $25 million lifeline from venture capitalist Vinod Khosla. Khosla’s cash will be paid in monthly installments of $5 million, KiOR said today in a filing with the Securities and Exchange Commission. KiOR — which last year became the first U.S. company to produce commercial quantities of cellulosic gasoline and diesel — has been dogged by financial trouble. [ read more … ]

Senate Agriculture Committee to hold hearing on advanced biofuels

Reuters  •    •  Posted April 2, 2014

he U.S. Senate Agriculture Committee said on Tuesday it will meet on April 8 to discuss the role that advanced biofuels can play in strengthening the rural economy. Unlike renewable fuels such as corn-based ethanol, advanced biofuels such as cellulosic ethanol are typically made from feedstocks such as wood, grass or agricultural waste. The technology has been slow to catch on.
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Note: News clips provided do not necessarily reflect the views of coalition or its member governors.