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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. 
Sun October 03 2010 12:15:22 PM by Aathmika algae industry 1345 views

Comments - 2

  • Luis wrote:
    Mon October 04 2010 07:15:37 AM

    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 02:17:44 PM

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

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