A representative of RESPolyflow, a founding member of ACC’s Plastics-to-Fuel & Petrochemistry Alliance, this week testified before the U.S. House of Representatives’ Committee on Ways and Means in support of broadening energy tax credits to include fuels derived from non-recycled plastics via pyrolysis technology—if those credits are extended.
Qualifying for the Alternative Fuel Credit and Alternative Fuel Mixture Credit would provide buyers and sellers of pyrolysis-generated fuels a $.50 per gallon credit against excise taxes. This would enhance the value of pyrolysis-generated fuels in the market place by making them more attractive to fuel blenders and retailers.
“We are a fledgling industry that is creating alternative fuels while providing a solution for valuable post-use plastics that would otherwise be buried in a landfill,” said Mike Dungan, director of sales and marketing for RESPolyflow. “Qualifying for these tax credits and achieving parity with other alternative fuels is critical so our industry does not continue to operate at a competitive disadvantage.”
A study by the U.S. Department of Energy’s Argonne National Laboratory last year found that using ultra-low sulfur diesel derived from post-use non-recycled plastics reduced greenhouse gas emissions up to 14%, fresh water consumption up to 58%, and fossil energy use up to 96% compared to traditional sourcing.
“Smart, targeted federal tax policy can help jumpstart this industry so we can produce high-value fuels from low-value post-use materials and further conserve environmental resources,” Dungan said.
Pyrolysis manufacturers use an oxygen-free process to convert post-use non-recycled plastics into fuels such as diesel and gasoline, industrial products such as waxes, and even feedstocks for the manufacturing of new plastics and chemicals.
For more information, visit www.americanchemistry.com.
Qualifying for the Alternative Fuel Credit and Alternative Fuel Mixture Credit would provide buyers and sellers of pyrolysis-generated fuels a $.50 per gallon credit against excise taxes. This would enhance the value of pyrolysis-generated fuels in the market place by making them more attractive to fuel blenders and retailers.
“We are a fledgling industry that is creating alternative fuels while providing a solution for valuable post-use plastics that would otherwise be buried in a landfill,” said Mike Dungan, director of sales and marketing for RESPolyflow. “Qualifying for these tax credits and achieving parity with other alternative fuels is critical so our industry does not continue to operate at a competitive disadvantage.”
A study by the U.S. Department of Energy’s Argonne National Laboratory last year found that using ultra-low sulfur diesel derived from post-use non-recycled plastics reduced greenhouse gas emissions up to 14%, fresh water consumption up to 58%, and fossil energy use up to 96% compared to traditional sourcing.
“Smart, targeted federal tax policy can help jumpstart this industry so we can produce high-value fuels from low-value post-use materials and further conserve environmental resources,” Dungan said.
Pyrolysis manufacturers use an oxygen-free process to convert post-use non-recycled plastics into fuels such as diesel and gasoline, industrial products such as waxes, and even feedstocks for the manufacturing of new plastics and chemicals.
For more information, visit www.americanchemistry.com.