As the Office of Management and Budget continues to sit on the 2014 ethanol mandate, which is more than 10 months late, advance biofuels sweetheart KiOR files for bankruptcy and EWG and AAA expose the problems with corn ethanol.
A bill known as the EXPIRE Act came out of the Senate Finance Committee. If passed, the EXPIRE Act would renew energy tax credits slated to expire, including the extension of the $1.01 tax credit for any cellulosic biofuel produced through 2015 — a measure that could cost taxpayers $55 million.
Ethanol proponents have long claimed that advanced (cellulosic) biofuels will replace corn ethanol, resolving the emissions and hunger problems that corn ethanol causes. And yet, despite government mandates and subsidies, cellulosic biofuels are still not produced at any commercial scale.