Release Courtesy of U.S. Congressman Harry Teague
Washington, DC – Thursday, Congressman Harry Teague introduced legislation that would make algae-based biofuels eligible for the same tax incentives available for cellulosic biofuels such as ethanol. H.R. 4168, the Algae-based Renewable Fuel Promotion Act, expands the definition of cellulosic biofuel to include algae for the cellulosic biofuel producer credit, and the special allowance for cellulosic biofuel plant property.
“In New Mexico’s second congressional district we have already started to take algae-based biofuel to the commercial level and there is enormous potential to expand this industry,” said Congressman Harry Teague. “It is time to give this proven source of renewable fuel the same advantages that other renewable fuels currently enjoy so we can continue to create good clean energy jobs in New Mexico producing homegrown American power.”
Algae to produce green crude can be grown on non-arable land, in salt or brackish water, and using carbon dioxide and sunlight as its primary feedstocks. Therefore, algae has not presented the same land use concerns as other biofuels and does not have any of the ‘food versus fuel’ implications that plague some other biofuels.
Green crude derived from algae can be refined into drop-in transportation fuels, such as jet, gasoline, and diesel that are entirely compatible with existing infrastructure and engines. Algae can also be used to produce ethanol and biodiesel.
Recently, algae has been tested in the real world. On Jan 7, 2009, algae-based fuel was used to successfully propel one of the two engines of a Continental 737-800 jetliner. And this summer, a modified Toyota Prius dubbed “the Algaeus” successfully drove cross-country fueled by algae-based gasoline.
The legislation is endorsed by Biotechnology Industry Organization (BIO), the Algal Biomass Organization (ABO), the Southwestern Biofuels Association, Sapphire Energy, and Algenol Biofuels.
