Biotechnology Industry Organization (BIO) Supports Extension of Cellulosic Tax Credits, Inclusion of Algae

WASHINGTON--(BUSINESS WIRE)--Extension of cellulosic biofuel tax credits now and eligibility for algae biofuels are needed to help companies raise financing for first-of-a-kind biorefineries. The Biotechnology Industry Organization (BIO) today thanked Senators Bill Nelson (D-Fla.), Jeff Bingaman (D-N.M.), John Kerry (D-Mass.), Al Franken (D-Minn.), Debbie Stabenow (D-Mich.), Jeff Merkley (D-Ore.), Ron Wyden (D-Ore.) and Tom Udall (D-N.M.) for their request to Senate leadership for this extension.

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