Cellulosic production tax credit benefits feedstock growers

01/3/2013 | BiofuelsDigest.com

Feedstock producers are the immediate beneficiaries of the one-year extension of the cellulosic biofuel production tax credit, writes Jim Lane. Data gathered by Biofuels Digest indicate that cellulosic biofuel developers can survive even without the tax credit, Lane states. "How much does a $1.01 per gallon tax credit mean to a grower? For a reference-size project that gets 80 gallons of ethanol from per ton of biomass, there's $80.80 per ton of biomass in that PTC. At 5 tons per acre per year, that's $404 per acre, up for grabs," Lane explains.

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