5 Articles
China eliminates consumption tax on biodiesel

On Saturday, China's Ministry of Finance (MOF) and the State Administration of Taxation decided to eliminate consumption taxes on vegetable oil- and animal fat-based biodiesel. The move is aimed at promoting the use of renewable energy sources and lessening the nation's need for petroleum-based fuels. Additionally, Chinese officials believe that increased use of biodiesel will protect the country's environment by reducing harmful auto-related emissions.

USDA Secretary Vilsack announces bio-jet fuel research, Biomass Crop Assistance Programs

USDA Secretary Tom Vilsack announced today at the National Press Club in downtown Washington that his agency would give a boost to biofuel producers through a Biomass Crop Assistance Program (BCAP). Vilsack said the USDA will soon publish the BCAP's final rule, and that means eligible biomass producers will be able to get money from the USDA. The BCAP operated as a trial program last year. Here's how it works:

House passes biodiesel tax credit, bill moves on to Senate

Since late 2009, commercial biodiesel producers and users across the U.S. have been wandering through the diesel desert, shamefu

Truckstop operators want their biodiesel back - and the $1-per-gallon tax credit

According to the real-time counter on the homepage of the National Biodiesel Board (NBB), it's been 108 days since the $1.00 per gallon biodiesel tax credit expired. With an entire industry stalled and no clear end to the biodiesel purgatory in sight, more and more groups are petitioning their legislators to bring the tax credit back. Most recently, the

Biodiesel tax credit likely won't be renewed until mid April at the earliest

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 cam