US Senators John Hoeven and Kevin Cramer reintroduced legislation to extend the refined coal tax credit. The credit incentivizes power plants to pre-treat or refine coal to improve efficiency and decrease emissions of nitrogen oxide, sulfur dioxide and mercury.
“The refined coal tax credit is a win-win for our nation, as it both supports the continued use of our abundant coal resources, a critical source of baseload power for the grid, while also improving environmental stewardship,” said Senator Hoeven, a member of the Senate Energy and Natural Resources Committee. “Our legislation would extend this cost-effective incentive for an additional 10 years and give a new opportunity for facilities to quality for the tax credit. That means greater adoption of this important technology and further emissions reductions.”
“The United States has to utilize reliable energy sources like coal if we want to ensure our citizens can keep the power on any day of the year. Look no further than Texas and California for proof. But each energy resource has a role it can play in being good stewards of our environment,” said Senator Cramer, a Senate Environment and Public Works Committee member. “Our legislation extends the refined coal tax credit to give producers more opportunities to further develop and implement clean coal technologies, which will help us lower emissions while maintaining a necessary supply of reliable energy.”
All facilities currently eligible to claim the refined coal tax credit must have been placed in service before December 31, 2011. The Hoeven-Cramer legislation would allow these facilities to continue claiming the credit for an additional 10 years.
The bill also establishes a 3-year window, from December 31, 2020 through January 1, 2024, in which new coal facilities utilizing refined coal would be able to qualify for the credit. This would not only benefit the coal-generating power plants in North Dakota that use refined coal, it will also support the work of the University of North Dakota’s Energy & Environmental Research Center, which provides services to facilities around the nation to verify that the refined coal meets the standards required to claim the credit.
Sponsors, Music and Other Show Notes
Studio Sponsor: The Industrial Forest
The Industrial Forest is a network of environmentally minded and socially conscious businesses that are using industrial innovations to build a network of sustainable forests across the United States.
Weekly Sponsor: Great American Mining Co.
Great American Mining monetizes wasted, stranded and undervalued gas throughout the oil and gas industry by using it as a power generation source for bitcoin mining.
They bring the market and our expertise to the molecule. Their solutions make producers more efficient and profitable while helping to reduce flaring and venting throughout the oil and gas value chain.
Weekly Sponsor: Black Water Environmental
Black Water Environmental is a family-owned company with over 10 years of on-site industrial experience. Offering Inspections, Consulting, Coating Failure Analysis, Specification Writing, and Coating Application services, and many other services for Energy, Oil, Gas, and Municipal.
BWE was started in Moorcroft, Wyoming but has grown to a larger facilities to Gillette, Wyoming, where they can provide a better quality of service for their customers. What make BWE stand out from other company’s is their ability to provide the best materials and service possible in industry and that has given BWE the ability to building excellent relationships with customers and employees.
Phone Line Sponsor: Swan Energy, Inc. 866.539.0860
Studio Email and Inbox Sponsor: To Be Announced
Featured Music: Moody River Band
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