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Blue Fire Ethanol and a consortium of 31 other alternative fuel producers have sent a letter to Congress asking for a 30% investment tax credit for biofuels. While alternative fuel producers were encouraged by last week's passage of extenders legislation to extend the alternative fuel mixture and biodiesel excise tax credit programs, those extensions are temporary.
While the national renewable fuels standard contemplates increasing amounts of biofuels by 2010, there are no commercial scale cellulosic ethanol plants scheduled to come online before 2011, according to one industry letter sent to Congress.
Read more at Renewable Energy Memo, blog of Taylor English Duma LLP, a full service law firm built from the ground up to provide high quality legal services for optimal value. The Firm was founded in 2005 and works each day to provide timely, creative and cost-effective counsel to help clients solve problems and achieve goals. Taylor English represents all types of clients-from Fortune 500 companies to start-ups to individuals. Visit the Taylor English website for more information.