The Biobased and Renewable Products Advocacy Group (BRAG) helps members develop and bring to market their innovative biobased and renewable chemical products through insightful policy and regulatory advocacy. BRAG is managed by B&C® Consortia Management, L.L.C., an affiliate of Bergeson & Campbell, P.C.

On July 3, 2014, the U.S. Department of Energy (DOE) announced that it is making an additional $4 billion available in loan guarantees for innovative renewable energy and energy efficiency projects located in the U.S. that avoid, reduce, or sequester greenhouse gases. Part one of the solicitation is due October 1, 2014. Copies of the solicitation and fact sheet about the solicitation are available online.


According to DOE's press release on the announcement, "the Department has identified five key technology areas of interest: advanced grid integration and storage; drop-in biofuels; waste-to-energy; enhancement of existing facilities including micro-hydro or hydro updates to existing non-powered dams; and efficiency improvement." A copy of DOE's press release is available online.
 


 

On June 3, 2014, Renewable Energy Group, Inc. (REG) announced that its wholly-owned subsidiary, REG Synthetic Fuels, LLC, has closed its acquisition of substantially all of the assets of Syntroleum Corporation. The assets acquired from Syntroleum include a 50 percent ownership interest in Dynamic Fuels, LLC, which owns a 75 million gallon per year nameplate capacity renewable diesel biorefinery located in Geismar, Louisiana. REG has a separate pending agreement with Tyson Foods, Inc. to acquire the remaining interests in Dynamic Fuels. A copy of REG's announcement is available online.


 

On February 3, 2014, the U.S. Department of Energy's (DOE) Office of Energy Efficiency and Renewable Energy announced that up to $12 million in funding would be made available to advance the production of cost-competitive, high-performance carbon finer material from renewable non-food based feedstocks. Feedstocks could include agriculture residues and woody biomass. This funding supports DOE's Clean Energy Manufacturing Initiative. A copy of DOE's press release on this announcement is available online.


 

Several incentives designed to encourage renewable energy development and production, including the $1 per gallon tax credit for biodiesel producers and the $1.01 per gallon credit for cellulosic ethanol production, expired on December 31, 2013. Should extenders be considered, it is likely these two credits will be extended and likely retroactively. Although given election year politics and ongoing budget battles, if and when this happens is tougher to predict. In the short term, one legislative vehicle could be legislation to increase the debt limit expected to pass later this winter or early spring. Some argue Congress may not consider any tax extender package until later this year after the November elections.


The biofuels industry is working hard to press Congress quickly to take up and pass a tax extender package. The biodiesel and cellulosic producer tax credits are considered essential parts of the suite of current policies designed to promote the industry.
 


 

It has been reported this week that the new Director of the Department of Energy's (DOE) Loan Program Office has stated DOE's intent to restart its renewable energy loan guarantee program in 2014. DOE is expected to issue a new round of $3 billion in loan guarantees for renewable energy projects. Although DOE still has billions in loan guarantee authority for renewable energy, it halted the program a couple of years ago in the wake of heavy criticism following the failure of Solyndra, a solar company that went bankrupt after receiving a DOE loan guarantee.


 
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