WASHINGTON- The Renewable Fuels Association commends Senate Finance Committee Ranking Democrat Ron Wyden (Ore.) and his colleagues for introducing a clean energy tax reform package that includes a proposal for a technology neutral tax credit designed to encourage the development and production of advanced and cellulosic biofuels. The RFA supports Senator Wyden’s efforts to develop an energy tax policy that provides long term certainty and stability for the second generation ethanol industry, encourages the development of new biofuel technologies and promotes the production and use of greater volumes clean fuel in the United States.
“RFA and its members are truly thankful to Senator Wyden for having the foresight and commitment to propose a clean energy package that encourages the development of a broad range of technologies to produce clean fuels in the U.S.,” said Renewable Fuels Association President and CEO Bob Dinneen. “By reforming the existing tax credit into a technology neutral incentive, it will help stimulate investment among a wider range of production technologies and help promote the growth of the second generation biofuels industry.
“We look forward to working with Senator Wyden and his colleagues in the Senate Finance Committee to ensure that any final clean energy tax reform proposal is crafted in a way that incentivizes performance based improvements in the production of biofuel, and at the same time promotes industry growth,” Dinneen added.