matt carr at europan algae biomass association conference dec2014
DESCRIPTION
Algae Biomass Organization Executive Director Matt Carr offered some insights into industry trends at the European Algae Biomass Association Conference 2014 in Florence, ItalyTRANSCRIPT
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