November 1, 2012
BY Erin Krueger
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Reps. Michelle Fischbach, R-Minn., and Nikki Budzinski, D-Ill., on March 27 introduced the Biobased Materials Investment and Production Act, which aims to create tax incentives to support the production of biobased chemicals and materials.
On April 7, U.S. Department of Agriculture Rural Development Montana State Director Bill Warden announced the agency is investing in the future of Montana’s biofuel industry through Beaverhead Tourism Council in Dillon, Montana.
Svante Technologies Inc. and Meadow Lake Tribal Council announced on April 6 that North Star Carbon Solutions LP has entered into an offtake agreement with Microsoft to deliver 626,000 metric tons of durable CDR credits from a BECCS project.
Seeing investment tax credits (ITCs) for biomass projects come into effect is a welcome, long-overdue step for Canada’s forest sector. After years of uncertainty, the measure offers a starting point to restore investor confidence, according to FPAC.
The Little Rock District of the U.S. Army Corps of Engineers on March 23 announced it has received a permit application from Highland Pellets related to the development of an adjacent biomass power plant with an integrated CCS project.