On Sept. 23, the Biotechnology Industry Organization extended its gratitude to Senators Max Baucus (D-Mont.) and Jon Tester (D-Mont.) for introducing S. 3807-cited as the American Security and Freedom Fuels Act of 2010-which would authorize the U.S. Department of Defense to engage in long-term contracts for the purchase of liquid synthetic or biomass-derived aviation or aviation blended fuels . 
 That same day, the Senate Energy Committee held a hearing to investigate the near-term effectiveness of the U.S. DOE&#8217;s Loan Guarantee Program. According to BIO spokesman Paul Winters, the DOE requires advanced biofuel companies to secure long-term off-take agreements-which increased from five years to 20 years-as an eligibility requirement to obtain loan guarantee funding. 
 According to BIO, long-term DOE contracts could meet that requirement through the new legislation introduced by Senators Baucus and Tester. The organization believes that the Renewable Fuels Standard&#8217;s market creation mechanism should also be viewed as satisfying this requirement. 

 "Advanced biofuel producers and algae producers are already working with the Navy, the Air Force and others to provide biofuels and diesel oils for testing in aviation and other applications," said Brent Erickson, executive vice president of BIO&#8217;s industrial and environmental section. "Expanding the military&#8217;s ability to engage in long-term contracts could provide the certainty for leading companies and potential investors needed to commit capital to large-scale biofuel production." &nbsp;

On Sept. 23, the Biotechnology Industry Organization extended its gratitude to Senators Max Baucus (D-Mont.) and Jon Tester (D-Mont.) for introducing S.

BIO thanks Montana senators for proposed legislation

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