Tax Break for Algae Industry

Tax Break for Algae Industry 2

Finally Algae Industry gets a tax break.A bill meant to give tax breaks to companies working on algae feedstocks-generated biofuel has been approved by the US House of Representatives. The bill defines "algae-based biofuel" as ?any liquid fuel which is produced from the biomass of an algal organism (in essence, an organism that is primarily aquatic and classified as a non-vascular plant). Unlike other biofuels algae has no controversial issue-fuel versus food on usage of land.

Link : http://fis.com/fis/worldnews/worldnews.asp?monthyear=10-2010&day=1&id=38404&l=e&country=0&special=&ndb=1&df=0

Sun October 03 2010 05:45:22 PM by Aathmika algae industry 418 views

Comments - 2

Luis wrote:

Mon October 04 2010 12:45:37 PM

Am sure most of America must have been waiting.
And am sure it will ahve an impact in other countries too.

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Aathmika wrote:

Mon October 04 2010 07:47:44 PM

Algal Biomass Organisation is all praise for the passage of this bill.

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About Aathmika

Aathmika

Role - Investor

About - Research in general. Planning to do my PhD., About: Masters in renewable energy from London. Undergrad course from Mumbai in biotech. Married with a child. Husband and I invest in interesting projects. Presently teaching in a college in Mrastra. Interested in CCS. Renewable energy concepts Algae, oil an dbioplastics Solar, wind and other renewable energy projects.

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KV Subramaniam, president and CEO, Reliance Life Sciences, explains that the biggest challenge for biofuel producers is the availability and the price of feedstock. He adds that biofuel being a nascent industry can thrive only with adequate support from the government. - 2 years ago
Regarding creation of ethanol from seaweed, PK Ghosh, director, CSMCRI, says, %u201CKappaphycus (red algae) cultivation in the sea to raise sugarcane productivity has opened up an opportunity to sequester carbon in a most efficient and sustainable manner, with unprecedented energy output to input ratio. - 2 years ago
Sapphire Energy says that its Algae-based fuels emit approximately two-thirds less CO2 than petroleum-based fuels. How is it possible ? - 2 years ago

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