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Alternative Fuels, Renewable Energy, Biofuels, BIodiesel and Facility Updates

Monday, January 3, 2011

Happy New Year, Biodiesel Is Back Baby!


Congratulations!!! Congratulations to the biodiesel industry as a whole! We have overcome another industry challenge. It took over a year of persistent efforts from every biodiesel supporting entity but we have prevailed. The $1 biodiesel tax credit has finally passed in congress. The biodiesel tax incentive makes biofuel a price competitive alternative fuel with petroleum diesel.

The lapse of the tax incentive on December 31, 2009 has had a detrimental impact on the biodiesel industry, causing plants to either cut back or terminate production entirely. The retroactive reinstatement and extension of the tax incentive is expected to increase domestic biodiesel production and help big oil companies meet the RFS2 mandates.

The unexplainable lag of congressional support felt like a punch to the gut. However, congress has finally made the correct decision by recognizing that biodiesel is currently the only viable domestic alternative fuel. I am eager to see the progression in the biofuel industry in the upcoming years. Here’s to a prolific 2011 for the biodiesel industry.

- Dimitry Greentree

3 comments:

  1. Hi,

    I came across your blog whilst searching for information on Bio Fuel, I have bookmarked you...

    I would really appreciate your readers taking a look at this short video which shows how anyone can refine thier own first generation biofuel!

    http://kentbiofuel.blogspot.com/2011/01/how-to-make-bio-fuel-out-from-waste.html

    I have really been inspired to do more by your site!

    Warm Regards,

    Tim
    http://kentbiofuel.blogspot.com

    ReplyDelete
  2. It is good that biodiesel fuel can encoyrage the economy and outrange traditional petroleum diesel. Hope the other price achievement won't let us wait!

    ReplyDelete
  3. Hi - will you post your Blog at The Biodiesel Community at vorts.com? Our members will love it!
    It's easy just cut and paste the link and it automatically links back to your website. You can also add Classifieds, Photos, Videos, etc. It’s free and easy…
    We are looking for contributors to share stuff with our members. Please help.
    Email me if you need any help or would like me to do it for you.
    The Biodiesel Community: http://www.vorts.com/biodiesel/
    Thanks,
    James Kaufman, Editor

    ReplyDelete