New Legislation Includes Incentives for Biomass, Waste-to-Energy
Posted on: Wednesday, 8 October 2008, 09:00 CDT
PITTSBURGH, Philadelphia, October 8 /PRNewswire/ -- The Economic Stimulus Bill HR1424, more commonly referred to as "The Bailout", brought with it incentives for renewable energy production that will have a positive impact on the deployment of biomass and waste-to-energy conversion technologies. At the second international "Energy from Biomass and Waste" (EBW) Exposition & Conference on October 14-16, 2008 in Pittsburgh, Pennsylvania, professionals from the power production and waste management business will meet to discuss policy, market trends and new projects.
The bill provides authorization of US$2 billion of new Clean Renewable Energy Bonds (CREBs) for facilities producing electricity from resources including all types of biomass, landfill gas, and trash combustion. It further extends the biodiesel Production Tax Credit (PTC) for three years, expanding the field to include non-vegetable oil diesel producers, and includes a continuation of E85 station and fossil-free alcohol PTCs. For cellulosic ethanol facilities that are placed into operation before January 1, 2013 the bill provides a 50 percent cost write off.
At the EBW Expo over 70 local and international organizations will be present to exhibit their products and services, highlighting the latest in sustainable energy production and safe waste handling. Conference topics are set to cover techniques, investment and finance, policy and regulation, and work development. EBW is hosted by Germany-based Freesen & Partner GmbH in conjunction with Pittsburgh's Steel City Biofuels. Over 1,000 delegates are expected to attend.
EBW 2008 is sponsored by the U.S. Department of Agriculture, the Pennsylvania State University, the West Penn Power Sustainable Energy Fund, and Herbert, Rowland & Grubic, Inc.
http://www.ebw-expo.com/ Media Contacts: Freesen & Partner GmbH, Dr. Ines Freesen Tel.: +49-2802-948484-0 Email: info@ebw-expo.com Steel City Biofuels, Nathaniel Doyno Tel.: +1-412-241-9322 Email: ebw-info@psu.edu
Freesen & Partner GmbH
CONTACT: Media Contacts: Freesen & Partner GmbH, Dr. Ines Freesen,Tel.: +49-2802-948484-0, Email: info@ebw-expo.com; Steel City Biofuels,Nathaniel Doyno, Tel.: +1-412-241-9322, Email: ebw-info@psu.edu
Source: PRNewswire
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