• Mar 24th 2010 at 5:02PM
  • 3
Biodiesel has had a tough time of it lately. By the end of 2009 the economy was in the crapper, exports to Europe had withered under heavy tariffs and the price of gasoline and petroleum diesel fuel had dropped substantially from their peak the year before. The finishing move came in December when the $1.00 per gallon tax credit for biodiesel producers expired. FATALITY!

But things are looking up. Both the House and Senate have approved legislation to reinstate the credit as part of larger economic recovery bills, but the language in the two bills has to be reconciled before President Obama can sign the credit back into law. The tax credit is one provision in a $149 billion bill designed to create jobs and extend tax incentives.

A resolution between the House and Senate is unlikely before mid-April as Congress goes on Spring Break soon and won't be back from Daytona Beach until April 12th. For all you biodiesel users, take a cue from Steve Perry and don't stop believin.'

[Source: Reuters]

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    • 1 Second Ago
      • 8 Months Ago
      Really, Hat’s off. Well done, as we know that “hard work always pays off”, after a long struggle with sincere effort it’s done. This action proof to be a win, win situation. This is a true art
      work, which will be a success story.
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      • 8 Months Ago
      From the Reuters article: "Biodiesel production is forecast at 800 million gallons (3.03 billion litres) this year "

      At $1 per gallon, well you can do THAT math.

      I want to see bio-diesel succeed, but that's a lot of money for something that should be self supporting.
      • 8 Months Ago
      The big problem with biodiesel is that CARS CAN'T USE IT. Internet enthusiasts, backyard tinkerers, and third party converters don't count. Cars need to be made biodiesel compatible right off the dealer lot, certified as such by the EPA, and fully supported by the factory warranty if they use biodiesel.

      In fact, this should be a standard feature in all new diesel vehicles and engines, ending petroleum's artificial and unnecessary monopoly on the diesel market. The Open Fuel Standards Act (S. 835 and H.R. 1476) would require this just like seat belts.

      While I prefer DME diesel to biodiesel for reasons of scalability, emissions, and fitting better into an overall post-petroleum strategy, I won't make the perfect the enemy of the good. And biodiesel is better for the environment, and far better for the world situation, than petroleum.
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