As lawmakers wrestle over a bailout for Wall Street, some renewable energy producers on Main Street are wondering if they’ll at least get an extension of some valuable tax credits.
This story from Agriculture Online quotes Senator Chuck Grassley, the ranking Republican on the Senate Finance Committee, as saying that if Congress adjourns without passing a tax relief bill, it would be a catastrophe because of how reliant wind and biodiesl are on their tax breaks:
The tax bill, which also would prevent more Americans from being caught by the Alternative Minimum Tax when they file next April, contained several alternative energy tax breaks championed by Grassley. It extended a tax credit for wind energy through 2009, as well as a $1-per-gallon tax credit for biodiesel.
The House on Monday refused to take up the legislation, partly because conservative Blue Dog Democrats refused to support it unless more of the tax breaks were offset by spending cuts.
Grassley said he wasn’t certain what the effect of not extending alternative energy tax credits beyond the end of this year would be. In 2004, a similar delay in extending the tax credits for wind shut down that industry for six months, he said, adding that he believes the industry is stronger today.
Grassley says he doesn’t think Congressmen will want to go home and face constituents who would now have to pay the Alternative Minimum Tax. About 23 million people would have to pay the AMT… as much as an extra $2,000 in the tax bills for those who make less than $200,000.
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The forum will provide an opportunity for Nebraska policymakers and consumers to better understand how ethanol policy plays a role in economic development, energy security, agriculture and the environment.
Algae has traditionally been a nuisance to catfish farmers, but it could end up being a new source of income for them and a new source of energy for the southeast.
Ron Putt, an associate research professor at Auburn University, has been studying the feasibility of using algae from catfish farms for biodiesel production. “Currently I have a small project that is going to demonstrate the ability to harvest algae from the catfish ponds in the western part of Alabama,” Putt says. “I see them as the core of the algae farming industry throughout the southeast. My goal is to turn the southeast conference into the new OPEC.”
Farmers on the panhandle of Florida can now make their own biodiesel on the farm with the help of the 
“We relied on the knowledge of one of our county commissioners who is an expert in biodiesel processes. We work with our farmers and show them how to get into biodiesel production for themselves,” Harper said. The washing machine-sized processor can produce 100 gallons of biodiesel in ten hours and can easily transported to a farm. 
California Governor Arnold Schwarzenegger is reducing the fees his state slaps on people who collect some of the raw materials to make biodiesel for their own personal use.
These and other concerns prompted former veggie-oil driver Rob Del Bueno to begin brewing his own biodiesel, a product created by using methanol to chemically alter vegetable oil. Del Bueno soon learned that home-brewing fuel also was illegal, for a variety of reasons, and he went through the complex, and expensive, process of going legit.
Twelve feet of water can do a lot of damage… just ask the folks at GreenHunter Energy. Their biodiesel refinery in Houston had just opened this summer has been knocked out of commission when the eye of Hurricane Ike passed nearly directly over the facility.
Through the immediate and tireless efforts of our staff and management team, the refinery has been substantially cleaned of layers of mud, spilled materials, and debris from the flood. Repairs were commenced within one week of Hurricane Ike’s landfall strike. Major mechanical and operational components of the refinery remain intact. The receipt and installation of necessary electrical components from third parties is the primary reason for delay in restarting operations. It is anticipated that the U.S. Coast Guard will approve our barge docking facilities for resumption of operations, enabling the Company to begin moving products and feedstock early this week. The Company continues on target to meet the estimate of resumption of operations on or before October 31, 2008.