A German bioenergy company’s reboot would make ethanol and renewable natural gas, though questions remain about its life-cycle climate and environmental impacts.
Supporters say the concept has the potential to accelerate emission reductions in transportation and agriculture.
Critics say a recent report on decarbonizing transportation understates the importance of reducing driving.
The revamped “45Q” tax credit boosts the amount of money available to companies willing to capture and store carbon emissions in geologic formations or use CO2 to extract oil from existing wells.
Critics of the ethanol industry are emboldened by Texas Sen. Ted Cruz’s victory Monday in the Iowa Republican presidential caucus, but not everyone agrees the win spells political trouble for the industry.