5/28/2010

A bill proposed in the House would allow developers of advanced biofuels to receive up to 30% of the cost of plant construction. The industry reportedly prefers this upfront cash arrangement over the existing $1.01-per-gallon cellulosic ethanol tax credit created by the 2008 farm bill. The House proposal is similar to legislation that was credited with a boom in wind-farm construction in the past year.

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