The recent cancellation of Heartland Greenway CO2 pipeline by Navigator CO2 Ventures demonstrates the current challenges the carbon capture sequestration (CCS) industry faces. Permit denials in South Dakota and Iowa, as well as resident pushback are just a few of the barriers the CCS industry has encountered. Christianson PLLP has assembled a team of knowledgeable professionals who can assist ethanol plants in navigating this difficult environment. Our team can create a plan to prepare for the challenges the CCS industry faces, along with providing plants with key insight into complex regulatory rules and language. Strategies we help craft include understanding and proper utilization of the Inflation Reduction Act (IRA) tax credit and Read More...
John Christianson speaks on E15 availability with Linder Farm Network
Listen as John Christianson joins Linda Brekke of the Linder Farm Network in a discussion regarding President's Biden announcement that allows E15 to be sold during the summer months. Read More...
Ask the Experts – Low Carbon Markets
Ask The Experts Segment On March 2nd, 2022, Joel Gratz, Managing Partner here at Christianson, and Kari Buttenhoff, Partner, joined Bill Dean on KWLM during the "Ask the Experts" segment. This month, Joel, Kari, and Bill took a minute to chat a little about Low Carbon Markets. Listen Here! Read More...
10% Investment Tax Credit (ITC) for CHP Turbines
Congress Reinstates 10% Investment Tax Credit (ITC) for CHP Turbines Combined Heat and Power (CHP) technology allows electricity to be generated from steam used in industrial processes that may otherwise go underutilized. CHP processes utilize this steam to drive a turbine that generates electricity. The technology is becoming increasingly popular energy solution due to its cost effectiveness, efficiency, and environmental advantages. A number of ethanol plants have been adopting this technology. This may be because CHP often: reduces their energy costs improves their environmental footprint and enhances the reliability of their operations. Previously, there was a federal Investment Tax Credit (ITC) to facilitate the Read More...
The Expansion of the 45Q Tax Credit for CO2 Capture
The Expansion of the 45Q Tax Credit for CO2 Capture For years, the ethanol industry has been capturing carbon dioxide and selling it to manufacturers of carbonated beverages and other customers. As part of a government-spending bill, Congress just approved a large expansion of the 45Q tax credit for CO2 capture. The expansion of the 45Q credit could very well lead to innovations in what the ethanol industry does with its CO2 and changes in the dynamic of how it interacts with the oil industry. In fact, oil companies often purchase large volumes of CO2 for a practice known as “Enhanced Oil Recovery” (or “EoR”). As their thirst for CO2 continues to grow in proportion with its domestic production activities that utilize EoR methods, Read More...
Last Minute Spending Bill Reinstates OSLT for 2018
Last Minute Spending Bill Reinstates OSLT for 2018 The Oil Spill Liability Tax (OSLT) is an excise tax on crude oil products, like natural gasoline used as denaturant for fuel ethanol. The tax had expired at the end of 2017. However, the spending bill passed on February 9 to end the temporary shutdown of the federal government included a provision to reinstate the oil spill tax. Section 40416 of HR 1892 reinstates the OSLT effective March 1, 2018. It sets a new expiration date of December 31, 2018. The OSLT is now in effect from 3/1/18-12/31/18. This bill did not include a change to the rate at which the excise tax is imposed. The rate had increased in 2017 to $0.09 per barrel, which is equivalent to $0.00214 per gallon of Read More...
Duty Drawback Refunds – Could This Benefit You?
At Christianson we want you to be aware of industry-related legislative changes that may impact your biofuels business. There has been a change to drawback regulations that may qualify your exports for a refund of similar product import tariffs. Here’s how it may impact you: Duty Drawback Simplification Are you currently importing and/or exporting goods as a regular part of business? If so, you could be eligible for a reimbursement of certain duties, internal revenue taxes, and fees collected on the importation of goods. These refunds are allowed upon the subsequent exportation or destruction of goods. The Trade Facilitation and Trade Enforcement Act of 2015 recently underwent an expansion and simplification that allows for increased Read More...
