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Governors' Biofuels Coalition
NEWS UPDATE February 23, 2012

Company touts new enzyme as key to lowering cellulosic costs

Amanda Peterka  •  E&E  •  Posted February 23, 2012

The Danish enzyme manufacturer Novozymes unveiled a new enzyme today that the company says will make cellulosic biofuel cost-competitive with corn ethanol and gasoline. [ read more … ]

Ethanol Follows Gasoline Higher After Iran Blocks Base Access

Ksenia Galouchko  •  Bloomberg  •  Posted February 23, 2012

Ethanol rose as gasoline rallied to the highest level since July after officials from the International Atomic Energy Agency were denied access to an Iranian military base. [ read more … ]

Industries gird for battle over Obama’s proposed tax overhaul

John McArdle and Gabriel Nelson, E&E reporters  •  Bloomberg  •  Posted February 23, 2012

The Obama administration today proposed overhauling the corporate tax code and lowering the top corporate income tax rate from 35 percent to 28 percent as long as the effort is paid for by slashing tax credits and closing loopholes — including many of the oil and gas industry breaks that the White House has targeted in the past. The proposal — which would also set the top tax rate for domestic manufacturers at 25 percent and preserve tax credits for research and development and clean energy — would be the first major reform of the corporate tax code in decades. [ read more … ]

New Enzyme Could Make Cellulosic Ethanol Competitive With Fossil Fuels

Todd Woody  •  Forbes  •  Posted February 23, 2012

Efforts to create a market for cellulosic ethanol in the U.S. veered into the realm of the absurd last month when companies faced fines of $6.8 million for failing to meet a 2011 federal quota to blend 6.6 million gallons of the renewable fuel into oil and diesel supplies. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.