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.

By Lynn L. Bergeson

On November 13, 2018, Neste, a member of the Biobased and Renewable Products Advocacy Group (BRAG®), announced that the Finish airport operator Finavia has decided to adopt Neste’s MY Renewable Diesel in its vehicles at four airports. Neste MY Renewable Diesel is a low-carbon biofuel produced 100 percent from renewable raw materials. Finavia’s switch to this renewable biofuel is part of its goal to reach carbon neutrality within its airports by 2020. The use of Neste’s MY Renewable Diesel is not new in Finland. The biofuel has been in use at Helsinki airport for over a year now in Apron buses, reducing Finavia’s greenhouse gas emissions by 610 metric tons. Neste’s Vice President of Marketing and Services in Finland, Sam Holmberg, stated that Neste is pleased to cooperate with Finavia and has plans to extend the biofuel’s availability to Northern Finland in the near future.


 

On April 8, 2014, House Committee on Ways and Means Chair Dave Camp (R-MI) held a hearing on the "Benefits of Permanent Tax Policy for America's Job Creators." The hearing focused on the expiring business tax provisions that are made permanent or extended under Camp's recently released discussion draft of the "Tax Reform Act of 2014" (TRA). Unlike his Senate counterpart -- Senate Committee on Finance Chair Ron Wyden (D-OR) -- Camp is not very supportive of passing a tax extender package to extend retroactively the approximately 50 incentives that expired at the end of 2013, including several for advanced biofuels development. In fact, the TRA would eliminate most clean energy incentives. The House Ways and Means Hearing Advisory is available online.


Last week, the Senate Finance Committee approved its version of tax extender legislation, the "Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act." The EXPIRE Act includes extensions through December 31, 2015 (and retroactive to January 1, 2014) of the following key biofuels incentives that have expired: the Alternative Fuel Refueling Property Credit; the Second Generation Biofuel Producer Tax Credit; the Special Depreciation Allowance for Second Generation Biofuel Plant Property; the Biodiesel and Renewable Diesel Fuels Credit; and the Alternative Fuel and Alternative Fuel Mixture Excise Tax Credit. A copy of the EXPIRE Act is available online. A summary of the bill is available online.


Whether a tax extenders package will pass this year depends on several factors. It is likely to be more difficult to pass in the House of Representatives than in the Senate.