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Released July 09, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Once treated as an afterthought in the race for renewable fuel adoption, biogas became a topic of political conversation last month when U.S. representatives Ron Kind (D-Wisconsin) and Tom Reed (R-New York) reintroduced the Agricultural Environmental Stewardship Act, which would provide a 30% investment tax credit to farmers and rural electric cooperatives who invest in biogas technology, according to Biomass Magazine.
Industrial Info is tracking more than $1 billion in active biogas development projects across the U.S. that have a medium (70% to 80%) to high (81% to 99%) likelihood of beginning construction as scheduled.
Click on the image at right for a graph detailing the top 10 plant owners across the U.S. for biogas development projects with a medium to high likelihood of kicking off as planned, by total investment value.
To qualify for the tax credit, projects would have to produce biogas that is at least 52% methane. The American Biogas Council quickly announced its support for the legislation, noting that the U.S. currently lacks any tax incentive to encourage renewable natural gas (RNG) production via biogas systems.
Biogas is an energy-rich gas composed mostly of methane, the same compound in natural gas, and carbon dioxide (CO2), according to the U.S. Energy Information Administration (EIA). It is produced by anaerobic decomposition or thermochemical conversion of biomass.
Wisconsin is among the states whose farm and renewable-energy advocates are keeping their fingers crossed for the Agricultural Environmental Stewardship Act. Heather Allen, the executive director of RENEW Wisconsin, a renewable energy advocacy group, told Wisconsin Public Radio that biogas development requires "more hands-on management" and "a bigger upfront investment" than other renewable sources--such as solar and wind, which already receive generous tax credits: "[Biogas] is a much more complicated process, so [developers] need all of the support they can get."
MAS Energy LLC (Atlanta, Georgia), an asset management company that develops clean-energy generation systems, announced earlier this year it soon would begin construction on a $25 million landfill gas-to-energy facility in Appleton, Wisconsin. The company is converting a decommissioned combined heat-and-power plant, which closed at the end of 2020, to process organic waste into bio-methane, which would be refined into pipeline-quality RNG. Subscribers to Industrial Info's Global Market Intelligence (GMI) Alternative Fuel Project Database can click here for a detailed project report.
Other projects set to begin construction later this year include Carbon Cycle Energy LLC's (Boulder, Colorado) $100 million methane biogas plant in Warsaw, North Carolina. Construction originally kicked off in late 2016, but faced a series of delays. The project aims to produce 6,500 dekatherms per day of RNG, mostly for Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), from 750,000 tons per year of hog and poultry manure, which is to be gathered from local farms. Subscribers can learn more from Industrial Info's project report.
One project already under construction can be found in a state that has benefited significantly from green fuel demand: VERBIO North America's (Livonia, Michigan) $50 million crop residue-to-energy plant in Nevada, Iowa. VERBIO, a subsidiary of VERBIO Vereinigte BioEnergie AG (Zorbig, Germany), is retrofitting a facility formerly owned by DuPont (NYSE:DD) (Wilmington, Delaware) to produce RNG from corn stover and other cellulosic crop residues. Subscribers can learn more from Industrial Info's project report.
Although the Agricultural Environmental Stewardship Act failed to pick up adequate support from previous Congresses, Allen and other advocates are more optimistic about its current chances, given the Biden administration's aggressive push for more renewable-fuel development. Allen told Wisconsin Public Radio that the legislation has been rolled into the Growing Renewable Energy and Efficiency Now Act, which takes a more wide-ranging approach to renewable energy and energy efficiency, likely improving its chances.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Industrial Info is tracking more than $1 billion in active biogas development projects across the U.S. that have a medium (70% to 80%) to high (81% to 99%) likelihood of beginning construction as scheduled.
Click on the image at right for a graph detailing the top 10 plant owners across the U.S. for biogas development projects with a medium to high likelihood of kicking off as planned, by total investment value.To qualify for the tax credit, projects would have to produce biogas that is at least 52% methane. The American Biogas Council quickly announced its support for the legislation, noting that the U.S. currently lacks any tax incentive to encourage renewable natural gas (RNG) production via biogas systems.
Biogas is an energy-rich gas composed mostly of methane, the same compound in natural gas, and carbon dioxide (CO2), according to the U.S. Energy Information Administration (EIA). It is produced by anaerobic decomposition or thermochemical conversion of biomass.
Wisconsin is among the states whose farm and renewable-energy advocates are keeping their fingers crossed for the Agricultural Environmental Stewardship Act. Heather Allen, the executive director of RENEW Wisconsin, a renewable energy advocacy group, told Wisconsin Public Radio that biogas development requires "more hands-on management" and "a bigger upfront investment" than other renewable sources--such as solar and wind, which already receive generous tax credits: "[Biogas] is a much more complicated process, so [developers] need all of the support they can get."
MAS Energy LLC (Atlanta, Georgia), an asset management company that develops clean-energy generation systems, announced earlier this year it soon would begin construction on a $25 million landfill gas-to-energy facility in Appleton, Wisconsin. The company is converting a decommissioned combined heat-and-power plant, which closed at the end of 2020, to process organic waste into bio-methane, which would be refined into pipeline-quality RNG. Subscribers to Industrial Info's Global Market Intelligence (GMI) Alternative Fuel Project Database can click here for a detailed project report.
Other projects set to begin construction later this year include Carbon Cycle Energy LLC's (Boulder, Colorado) $100 million methane biogas plant in Warsaw, North Carolina. Construction originally kicked off in late 2016, but faced a series of delays. The project aims to produce 6,500 dekatherms per day of RNG, mostly for Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), from 750,000 tons per year of hog and poultry manure, which is to be gathered from local farms. Subscribers can learn more from Industrial Info's project report.
One project already under construction can be found in a state that has benefited significantly from green fuel demand: VERBIO North America's (Livonia, Michigan) $50 million crop residue-to-energy plant in Nevada, Iowa. VERBIO, a subsidiary of VERBIO Vereinigte BioEnergie AG (Zorbig, Germany), is retrofitting a facility formerly owned by DuPont (NYSE:DD) (Wilmington, Delaware) to produce RNG from corn stover and other cellulosic crop residues. Subscribers can learn more from Industrial Info's project report.
Although the Agricultural Environmental Stewardship Act failed to pick up adequate support from previous Congresses, Allen and other advocates are more optimistic about its current chances, given the Biden administration's aggressive push for more renewable-fuel development. Allen told Wisconsin Public Radio that the legislation has been rolled into the Growing Renewable Energy and Efficiency Now Act, which takes a more wide-ranging approach to renewable energy and energy efficiency, likely improving its chances.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
