Industry supports extension of cellulosic, advanced tax credits

Ethanol Producer Magazine
By AEC, Growth Energy, RFA March 08, 2012

Washington – The Renewable Fuels Association, Advanced Ethanol Council and Growth Energy March 8 expressed support for an amendment to the Senate transportation bill offered by Sen. Debbie Stabenow, D-Mich. RFA and AEC each also sent a letter to Senate leadership about the amendment.

“We support Sen. Stabenow’s amendment because it will help consumers have access to the most affordable vehicle fuel on earth – ethanol. We believe that as long as oil maintains it’s near monopoly over the market, this country needs to encourage the development of alternatives, like ethanol from cellulosic biomass. Otherwise we will always be victim to the saber-rattling of rogue states like Iran, which can drive up fuel prices for everyday Americans with just a threat,” said Tom Buis, CEO of Growth Energy. “Ethanol from grain is already the most commercially-viable alternative to gasoline derived from foreign oil. We are very close to making cellulosic ethanol viable as well – and this policy will help a great deal with that.”

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