BlueFire asking for tax credit
FULTON — On March 3, Arnold Klann of BlueFire Ethanol and a consortium of 31 other advanced biofuel producers signed a letter to U.S. congressional leaders urging the implementation of a 30 percent investment tax credit (ITC) for advanced biorefineries.
They believe the ITC is needed to jumpstart the industry which must meet looming federal mandates for renewable fuels. Their belief is that the commercialization of the advanced biofuels industry has been severely delayed by the extended downturn in the U.S. economy, limiting access to private capital needed for the development of commercial scale projects.
While Congress has utilized a loan guarantee programs to try to bridge this gap, these programs have yet to drive any substantial advanced biorefinery project development, according to BlueFire.
BlueFire is currently focused on the development of their two United States commercial biorefineries in Lancaster, Calif., and in North Mississippi at Fulton. The shovel-ready, fully-permitted ethanol biorefinery in Lancaster, BlueFire’s first U.S. commercial plant, will use post-sorted cellulosic wastes diverted from Southern California’s landfills to produce approximately 3.9 million gallons of fuel-grade ethanol per year.
BlueFire is also moving forward with its internal project schedule for a second planned commercial cellulosic ethanol plant in Fulton. The project will allow BlueFire to utilize green and wood wastes available in the region as feedstock for the ethanol plant that will be designed to produce approximately 18 million gallons of ethanol per year.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Judge intends to rule on McDaniel's challenge before general election
- Oxford’s FNC getting new headquarters
- QUIRKY? NO, JERKY — Whatever your craving, Beef Jerky Outlets likely has the flavor among 200+ choices
- (UPDATE) I-20 partially closed as vehicle carrying hazardous materials burns
- Coast family wins $644K in tideland lawsuit against state
- Officials set hunting dates for birds; expands dove season by 20 days
- State’s MAGIC accounting system works, albeit with glitches
- Corps official: River needs larger ports, locks and dams
- C Spire, UM installing Wi-Fi network at Vaught-Hemingway Stadium