Michigan governor Jennifer Granholm signed a
bill into law last
. The law gives consumers incentives for buying
by lowering the state tax on each gallon of ethanol-blended fuel by 7 cents (from 19 to 12 cents a gallon). Biodiesel received a cut (of three cents) to also bring taxes on the biofuel to 12 cents a gallon. Gas station owners can apply for grants to convert their facilities to offer ethanol or
, which will be helpful since Granholm acknowledged that the infrastructure for biofuels is not yet in place.
Also, the Bangor biodiesel plant we
back in May will be opening up for business later this month.
[Source: Detroit Free Press]