Pacific Alternative Energy Resource LLC (PAER)
Sources energy, feed and fuel commodities from around the world.
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PAER’s network of partners connects you with a
broad range of verified buyers and sellers worldwide. We bring together
the best companies from diverse corners of the globe
in support of a truly sustainable alternative energy
marketplace.
PAER is dedicated to the promotion and development
of the emerging alternative energy marketplace. We believe that by fostering this emerging
market we can stimulate both market growth and
product innovation, accelerating the adoption of
alternative fuel technologies worldwide
It is our belief that by utilizing a variety of
alternative energy solutions and technologies, it is
possible to develop renewable energy sources,
supported worldwide by local community and regional
based farmers, producers and suppliers. Through this
supply chain ecosystem we can support the
development and distribution of products which
provide a positive impact on both domestic economies
and the global environment.
The European Union said it will impose temporary import duties on US biodiesel, to offset the $1 per gallon biodiesel subsidy paid to US producers by the federal government.
Reuters is reporting that duties have been assessed on a company-by-company basis and include: ArcherDaniels Midland, 86 cents per gallon; Cargill, 90 cents; Imperium Renewables, 96 cents; Green Earth Energy Fuels, 93 cents; World Energy Alternatives, 96 cents; Peter Cremer North America and remaining biodiesel producers will pay $1.36 per gallon.
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Following is from National Biodiesel Board's
October 2008 Biodiesel Bulletin:
Today the U.S. House of Representatives approved H.R. 1424,
the Emergency Economic Stabilization Act, by a 263 to 171
margin. The Senate approved the bill on Wed., Oct. 1 by a
74-25 margin. In addition to addressing the crisis facing
the financial markets, H.R. 1424 contains a tax package that
extends expiring tax provisions, including the biodiesel tax
incentive.
Specifically, H.R. 1424:
Extends the biodiesel tax incentive for one year through
Dec. 31, 2009. The incentive is currently set to expire
on Dec. 31, 2008.
Provides that all biodiesel, regardless of feedstock
used to produce the fuel, qualifies for the $1 per
gallon biodiesel incentive. Currently, biodiesel
produced from yellow grease is eligible for a 50 cents
per gallon tax incentive.
Closes the so-called "splash-and-dash" loophole.
Splash-and-dash is where foreign finished fuel is sent
to the U.S.; splash-blended to claim the tax incentive;
and then shipped to a third country for final use. There
is clearly no energy or tax policy justification for
these transactions, and it has been long-standing NBB
policy that the splash-and-dash loophole should be
closed. The legislation approved by the Senate provides
that effective May 15, 2008, fuel produced outside the
U.S. for use outside the U.S. does not qualify for the
biodiesel tax incentive.
Properly defines the $1 renewable diesel tax incentive
to exclude co-processed renewable diesel.
If you are in the alternative/renewable energy market, whether you are a supplier, producer
or consumer, we want to hear from you. Let us know about your product or service, or what you
are looking for, we may be able to connect to the resources you need.
News Articles of interest posted by PAER staff (below):
DOE and the U.S. Department of Agriculture (USDA) announced on August 9th that they have awarded
nine grants totaling $5.7 million for research in biobased fuels to accelerate the development of
alternative fuel resources. The research will focus on genomics that will allow woody plant tissues
such as alfalfa, sorghum, wheat, and other grasses to be grown in large quantities to produce renewable
fuels, including ethanol. DOE granted $3.9 million to six projects, and USDA has granted $1.8 million to
three projects, all of which will be supported for up to three years. The awardees include six universities
in Indiana, Texas, Wisconsin, North Carolina, Kansas, and Georgia; two non-profit research organizations
in Oklahoma and Washington, D.C.; and a national laboratory in New York. See the DOE press release.