Latest news for Biotechnology Industry Organization BIO 
Investment tax credit can help biofuel projects make the crucial step to commercializing innovative technologies(15/07/2011)
New US legislation would make algae and other second-generation biofuels eligible for the cellulosic biofuels production tax credit and create an optional investment tax credit. The recently introduced Oil Independence for a Stronger America Act can help advanced biofuel producers secure financing for construction of projects. Brent Erickson, executive vice president of Biotechnology Industry Organization (BIO)'s Industrial & Environmental Se... [more]
Federal support must continue so that the advanced biofuels industry can reach its potential production levels(14/04/2011)
The Biotechnology Industry Organization (BIO) has submitted a written testimony to the Senate Environment and Public Works Committee oversight hearing, “Domestic Renewable Fuels: From Ethanol to Advanced Biofuels”. The organization advocates that the Renewable Fuel Standard should provide the market and regulatory certainty necessary to drive private investment and maintain progress in research and development of advanced biofuels. Brent Erick... [more]
Obama's Commitment to Building Advanced Biorefineries Can Create Green Jobs(18/02/2010)
A recent report commissioned by BIO, U.S. Economic Impact of Advanced Biofuels Production, projects that development of advanced biorefineries could create as many as 29,000 jobs over the next few years. Additional Congressional action is needed to follow through on the Obama administration’s recently announced initiative to rapidly build an integrated value chain for the bioeconomy, create jobs and kick start economic growth. The Biotechnolog... [more]
DOE announces grants to help build 19 new biorefinery projects(09/12/2009)
The announcement of over $600 million in grants and loan guarantees to help build 19 new biorefinery projects to produce advanced biofuels and biobased chemicals from renewable feedstocks has been welcomed by the Biotechnology Industry Organization (BIO). The funding represents the largest single federal investment in advanced biorefineries to date. “This unprecedented investment by DOE and USDA shows how important advanced biofuels and biobas... [more]
Biofuel industry asks U.S. Congressional leaders to help them bring commercially ready advanced biofuels to the marketplace(10/04/2009)
Biofuel producers and biotechnology companies have asked U.S. Congressional leaders to help them overcome economic obstacles to obtaining financial backing and bring commercially ready advanced biofuels to the marketplace. The Biotechnology Industry Organization (BIO) submitted a letter to Congressional leaders proposing six principles to guide development of legislation needed to support continued development and deployment of advanced biofuels.... [more]
Building advanced biofuel production could create millions of jobs(17/03/2009)
Industry leaders in advanced biofuels and energy crops proposed policy measures to address both environmental concerns and economic bottlenecks associated with advanced biofuels at the U.S. Department of Energy (DOE) Office of the Biomass Program’s Biomass 2009: Fueling Our Future conference. The advanced biofuels industry can meet environmental goals, create new green jobs and contribute to economic growth, with appropriate policies to help ... [more]
Cellulosic biofuels can significantly reduce reliance on imported petroleum in the transportation sector(10/03/2009)
The 90-Billion Gallon Biofuel Deployment Study is a new report by Sandia National Laboratories and General Motors Corp. that investigates the challenges and feasibility of increasing biofuel production targets to 90 billion gallons. Large-scale production of advanced biofuels beyond the level of the Renewable Fuel Standard is achievable and sustainable by 2030, with accelerated development of biofuel and agricultural technology. Brent Eric... [more]
Building advanced biofuels production capacity can create thousands of new jobs(06/03/2009)
The Biotechnology Industry Organization (BIO) has welcomed the release of a new report by Bio Economic Research Associates (bio-era), U.S. Economic Impact of Advanced Biofuels Production: Perspectives to 2030, which analyzes how growth of an advanced biofuels industry will impact four areas critical to U.S. economic recovery, including job creation, economic output, energy security and investment opportunity. Continuing to build advanced biofu... [more]
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