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Agricultural News


RFA Applauds Legislation Supporting Second Generation Biofuels

Mon, 16 Dec 2013 14:17:05 CST

RFA Applauds Legislation Supporting Second Generation Biofuels
The Renewable Fuels Association commended Rep. Scott Peters (CA-52) for his commitment to next generation biofuels and his introduction of H.R. 3758, the "Second Generation Biofuels Extension Act of 2013." This legislation would extend the Second Generation Biofuel Producer Credit and the Special Allowance for Second Generation Biofuel Plant Property.


Bob Dinneen, President and CEO of the Renewable Fuels Association, praised Rep. Scott Peters' support of second generation biofuels.


"Rep. Peters understands the need for Americans to have access to a renewable, low-cost alternative to gasoline and should be commended for taking a stand and fighting for the future of next generation biofuels. Ethanol has decreased gas prices an average of $1.00/gallon in 2012/2013, created and sustained over 383,000 jobs, increased consumer choice at the pump, and created a more energy independent America. Rep. Peters clearly understands the need to continue this successful program. Investors need certainty and extending the tax credits for second generation biofuels will boost investment and innovation in cellulosic and advanced biofuels."



   

 

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