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Ethanol, Wind Energy Stand To Benefit From Energy Bill
By Mr Ethanol | September 4, 2007
DesMoinesRegister:
Congress returns to work this week with unfinished business important to some growing sectors of Iowa’s economy - fuel ethanol and wind energy.
An energy bill that is a top priority for congressional Democrats could guarantee a growing market for the ethanol industry and electric utilities to obtain more wind energy. Iowa ranks No. 1 in ethanol production and No. 3 in wind power.
The House and Senate each passed energy bills this summer but with sharply differing provisions. A House-Senate conference committee will have to work out differences between the two bills and write a final version.
The Senate-passed bill would require the nation to use 15 billion gallons of ethanol a year by 2015 - double the current mandate - and 36 billion gallons by 2022.
“That’s going to propel growth,” said Monte Shaw, executive director of the Iowa Renewable Fuels Association.
The provision is intended to guarantee a growing market for corn ethanol as well to encourage commercialization of second-generation biofuels, made from crop residue and other sources of plant cellulose. The House-passed legislation omits the biofuel mandate but does contain a special 50-cent-per-gallon tax credit targeted to cellulosic ethanol.
Topics: Energy, News, Positives, Trends |
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