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May 23 2008
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1 review
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alternative energy, biofuel, biomass, farm bill
• biomassmagazine.com
From the page: "Here is a summary of the energy title provisions of the 2008 Farm Bill prepared by BIO:
-Includes $320 million in loan guarantees for biorefineries producing advanced biofuels.
-Provides $35 million for a new program to help existing ethanol facilities reduce their fossil fuel use.
-Provides $120 million for the Biomass Research and Development Program.
* Coordinates research and development activities, including improvements in feedstock development and the efficiency of biofuel production.
* Also establishes a Forest Bioenergy Program to address the use of woody biomass for energy.
-Funds the Bioenergy Program at $300 million.
* Provides incentives for expanding production of advanced biofuels made from agricultural and forestry crops and associated waste materials, including animal manure and livestock/food processing waste.
-Creates a Biomass Crop Assistance Program to develop the next generation of feedstocks for renewable energy.
* Encourages the production of feedstocks for cellulosic ethanol and other energy production and provides for multi-year contracts for crop and forest producers to grow dedicated energy crops.
* Provides incentives for producers to harvest, store, and transport biomass to bioenergy facilities.
Because cellulosic biofuels are very expensive to make, government assistance is needed to spur these fuels to commercial viability. This package includes a new, temporary production tax credit for up to $1.01 per gallon, available through December 31, 2012, with an estimated cost of $403 million over the ten-year budget window. "
Here is a summary of the energy title provisions of the 2008 Farm Bill prepared by BIO:
-Includes $320 million in loan guarantees for biorefineries producing advanced biofuels.
-Provides $35 million for a new program to help existing ethanol facilities reduce their fossil fuel use.
-Provides $120 million for the Biomass Research and Development Program.
* Coordinates research and development activities, including improvements in feedstock development and the efficiency of biofuel production.
* Also establishes a Forest Bioenergy Program to address the use of woody biomass for energy.
-Funds the Bioenergy Program at $300 million.
* Provides incentives for expanding production of advanced biofuels made from agricultural and forestry crops and associated waste materials, including animal manure and livestock/food processing waste.
-Creates a Biomass Crop Assistance Program to develop the next generation of feedstocks for renewable energy.
* Encourages the production of feedstocks for cellulosic ethanol and other energy production and provides for multi-year contracts for crop and forest producers to grow dedicated energy crops.
* Provides incentives for producers to harvest, store, and transport biomass to bioenergy facilities.
Because cellulosic biofuels are very expensive to make, government assistance is needed to spur these fuels to commercial viability. This package includes a new, temporary production tax credit for up to $1.01 per gallon, available through December 31, 2012, with an estimated cost of $403 million over the ten-year budget window.