Center for Advanced BioEnergy Research, University of Illinois at Urbana-Champaign

Tuesday, March 10, 2009

Infocast's Biomass Project Development Tutorial to Be the First Major Event

To Provide a Review of the Obama Stimulus Package & Its Potential Impact on the Biomass Community
By: Marketwire
Mar. 9, 2009 02:00 PM


LOS ANGELES, CA -- (Marketwire) -- 03/09/09 -- On February 17th, President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009 which includes a wide variety of provisions in support of the renewable fuels industry in general and the biomass community in particular. Three of the most notable items in the stimulus package include:
-- $800 million in biomass project and research & development funding via the Department of Energy
-- Extension of the PTC (Production Tax Credit) for biomass and solid waste through 2013
-- Conversion of the PTC into the ITC (Investment Tax Credit) for selected biomass projects

R. Thomas Amis, the Chairman of the upcoming Biomass Project Development Tutorial (April 6-8 in Atlanta, GA) and members of the tutorial faculty, including Todd Alexander of Chadbourne & Parke and luncheon presenter Mark Riedy, the General Counsel for ACORE, have confirmed that these issues and more will be top-of-mind throughout the event which is scheduled to take place April 6-8, 2009 at the Westin Peachtree Plaza Hotel in Atlanta, GA.


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