DOE will invest $26 million in Mascoma's cellulosic ethanol plant in Michigan
Granholm was joined by Senator Debbie Stabenow, Senator Carl Levin, Congressman Bart Stupak and others, both in Lansing and Washington, D.C., during the call. Mascoma CEO Bruce Jamerson called it a great day for Michigan, Mascoma and the country. Stabenow said that a new federal $1.01 per gallon tax credit for cellulosic ethanol should do for the second-generation biofuel what the previous 54 cent a gallon credit did for corn ethanol. All of the speakers highlighted that this plant will be a job creation engine for the UP, and Levin emphasized that this is a bit of good news amid a lot of bad economic news.
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