Matt Carr at Europan Algae Biomass Association Conference Dec2014
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Transcript of Matt Carr at Europan Algae Biomass Association Conference Dec2014
The Evolving Algae Policy Landscape in the United States
Will Federal Policy Drive a New Wave of Algae Commercialization in the U.S. or Drive it Away?
Ma# Carr, Execu-ve Director [email protected]
Platinum Members
Gold Members
Corporate Members
Algae Biomass Organiza-on | www.algaebiomass.org
U.S. Algae Industry Trends
Ø Technology Maturation / Demonstration • R&D, pilot and demonstration facilities throughout the U.S.
Algae Biomass Organiza-on | www.algaebiomass.org
U.S. Algae Industry Trends
Ø Technology Maturation / Demonstration • DOE-funded integrated algae biorefinery demonstration
projects in Florida and New Mexico
Ø Sapphire Energy Green Crude Farm Las Cruces, NM
Algenol Biofuels Integrated Biorefinery
Lee County, FL►►
Algae Biomass Organiza-on | www.algaebiomass.org
U.S. Algae Industry Trends
Ø Technology Maturation / Demonstration • Offtake contracts with major refiners
Algae Biomass Organiza-on | www.algaebiomass.org
U.S. Algae Industry Trends
Ø Product Diversification
Ø Bioplastics • Algix manufacturing plant
opens in Mississippi
Ø Biofertilizers • Accelergy validating
Terrasync terrestrial sequestration platform
Ø Human and Animal Nutrition
• Synthetic Genomics deal with ADM to produce omega-3s
Algae Biomass Organiza-on | www.algaebiomass.org
U.S. Algae Industry Trends
Ø Strategic Partnerships / Globalization
Ø Sapphire / Sinopec • Validate and deploy
in China
Ø Heliae / Sincere Corp • Build first commercial
facility in Japan
Ø Solazyme / Bunge • Manufacturing plant
online in Brazil
Algae Biomass Organiza-on | www.algaebiomass.org
U.S. Algae Industry Trends
Ø Renewed Focus on CO2 Utilization / Monetization
Algae Biomass Organiza-on | www.algaebiomass.org
Growth Built on Supportive Federal Policy
Ø U.S. Department of Energy Funding • $100 million for 3 integrated algae biorefinery
projects in 2009
• $30 million / year in R&D funding since 2010 • 2010-11 - Algal biofuels consortia • 2012 - Advancements in Sustainable Algal Production • 2013 - Advancements in Algal Biomass Yield • 2014 - Targeted Algal Biofuels and Bioproducts
Algae Biomass Organiza-on | www.algaebiomass.org
Growth Built on Supportive Federal Policy
Ø Renewable Fuel Standard • Biodiesel / renewable diesel from algae
qualifies as advanced biofuel • Up to 21 billion gallons new production
mandated by 2022
Ø Tax Code • Second Generation Biofuel tax credits
• Algae added in 2013 • $1.01 / gallon production tax credit • 50% bonus depreciation for plant property
Algae Biomass Organiza-on | www.algaebiomass.org
Proposed Power Plant CO2 Regulations Could be Major Driver
Ø “Clean Power Plan” Proposed Rules for New and Existing Power Plants • Require installation of “Best System of Emission
Reduction” for CO2
• Take effect in 2015 • Could drive major investment in carbon capture
Algae Biomass Organiza-on | www.algaebiomass.org
But Key Policy Decisions Hang in the Balance
Ø Need Explicit Recognition of Carbon Capture and Utilization in Clean Power Plan
• For new coal plants: o Proposal prescribes carbon capture and
underground storage/sequestration (CCS)
• For existing plants: o Affirms CCS as compliance option o Silent on CCU
Algae Biomass Organiza-on | www.algaebiomass.org
But Key Policy Decisions Hang in the Balance
Ø Renewable Fuel Standard • Proposed rule would cut advanced biofuel volumes
o EPA announced final rule will not be issues until 2015 o Legal challenges to follow
• More than 30 fuel pathways still awaiting approval
Ø Tax Code • 2nd Gen tax credits expired Dec 31, 2013
o Still awaiting “tax extenders” package o Obama has threatened to veto
Algae Biomass Organiza-on | www.algaebiomass.org
ABO Policy Priorities
Ø Support for CO2 Utilization • In EPA 111(b)/111(d) Clean Power Plan • DOE Funding
Ø Strong, stable advanced biofuels policy • RFS • Tax Code
Ø Algae as agriculture • Biomass Crop Assistance Program • Crop Insurance
Algae Biomass Organiza-on | www.algaebiomass.org
We The People … Embrace CO2
Ø ABO “We the People” Petition
• Asked the White House to include CCU in EPA Clean Power Plan
• 348 signatures • 45 states • 215 cities
Algae Biomass Organiza-on | www.algaebiomass.org
Join Us – RecycleCarbon.org
Algae Biomass Organiza-on | www.algaebiomass.org
2015 Algae Biomass Summit
Washington, DC September 30 – October 2, 2015