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BIO Asks Congress to Address Barriers to Commercialization of Algae Biofuels

March 8th, 2010 | No Comments | Posted in Algae-Energy-Companies, Algae-Energy-Investments

The Biotechnology Industry Organization (BIO) today urged Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Charles Grassley (R-Iowa) to extend tax code parity to algae-based biofuels as soon as possible.

BIO specifically supported the language in the Algae-based Renewable Fuel Promotion Act (S. 1250/H.R. 4168), sponsored by Sen. Ben Nelson (D-Neb.) and Rep. Harry Teague (D-N.M.). BIO was joined in the request by its member companies developing algae-based biofuels and by the Algal Biomass Organization. A copy of the letter to Sens. Baucus and Grassley is available at http://bio.org/letters/.

Source: Thomasnet

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