Sapphire Energy, one of the world’s leading innovators in creating algae-based fuel from Green Crude, today applauds the U.S. House of Representatives for passing H.R. 4168, the Algae-based Renewable Fuel Promotion Act. Special recognition goes to Reps. Harry Teague (D-NM) and Brian Bilbray (R-CA) whose bi-partisan support lead to the bill’s passage.
Congress took the extraordinary action this week to give algae-based fuel technology federal incentives similar to those for other biofuels, leveling the playing field for this promising technology. This move will serve to hasten the pace of development of these fuels, addressing our nation’s energy independence goals sooner.
”The many tireless months of effort made by Reps. Teague and Bilbray show their belief that algae-based fuels, like our Green Crude, have a crucial role in solving the nation’s and the world’s crippling energy challenge,” says Jason Pyle, CEO, Sapphire Energy. “These policies are essential to truly grow green fuel at scale; we need the same tax structure that oil and gas get today. Passage of this bill is the first step in that direction.”
Pyle adds that the primary benefits resulting from the Act’s passage are a huge boost in the number of clean tech jobs that will be created in the burgeoning algae industries of California and New Mexico, as well as increased domestic and global energy security, and true environmental sustainability.
Source : Press Release
No comments:
Post a Comment