American Biogas Council hails new biogas tax credit
American Biogas Council hails move to promote nutrient recovery from agricultural waste.
August 13, 2019 by Ramon Rivera
The American Biogas Council (ABC), a trade organization that represents the biogas industry in the U.S., has hailed the Agricultural Environmental Stewardship Act recently introduced by Congressmen Ron Kind and Tom Reed.
As an incentive to encourage investment in agricultural biogas projects, the bill allows qualifying biogas and nutrient recovery systems to receive a 30 per cent investment tax credit. This new tax credit promotes the production of biogas that would serve as a source of pipeline quality natural gas and compressed renewable natural gas to fuel vehicles, as well as nutrient-rich fertilizers produced as a byproduct of biogas production which provide nutrients essential for producing crops.| READ MORE