With more than half the money biofuel firms can make coming from federal and state programs, there are industry concerns over how President-elect Donald Trump will treat biofuels in his second term.
“There’s a groundswell of anxiety” among credit applicants, Bracewell’s Tim Urban told Chemical & Engineering News. Firms that are eligible for federal incentives under current policy want to get everything signed and deployed before an administration less motivated to decarbonize takes office in January, he said.
“With full control, Republicans can kind of do … whatever they can get internal agreement on,” added Bracewell’s Liam Donovan. Regarding how business leaders across the bioeconomy should frame discussions with incoming White House officials and the congressional majority, Donovan said, “frame your story around American energy dominance.”
