The National Biodiesel Board is welcoming the news of passage of the Renewable Energy and Job Creation Act of 2008 (H.R. 6049)… better known as the the Energy and Tax Extenders Act by the NBB.
It’s no wonder the group considers its final passage the NBB’s top legislative priority as it extends the biodiesel tax incentive, and contains other biodiesel provisions:
The House approval is an important step in allowing the U.S. biodiesel industry to continue to grow America’s energy security with cleaner-burning domestically produced biodiesel,” said Joe Jobe, CEO of the NBB. “Biodiesel is a new green industry that supports over twenty thousand jobs and added over four billion dollars to the U.S. economy last year. The extension of this incentive is an important investment in America’s long-term energy future.”
H.R. 6049 extends for one year a variety of renewable energy tax provisions and includes the following biodiesel-specific measures:
* Extends biodiesel tax incentive for 1 year through Dec. 31, 2009.
* Provides $1 per gallon incentive for all biodiesel regardless of feedstock.
* Shuts down the abusive “splash and dash” loophole that currently allows foreign produced fuel to enter the U.S, claim the biodiesel tax incentive, and be shipped to a third country for end use.
* Properly defines tax benefits available to co-processed renewable diesel.
As I mentioned in a previous post, the bill… and its tax incentives… are not out of the woods yet. It still faces opposition in the U.S. Senate and a threatened veto from the White House.
The U.S. House today has passed a measure seen as important because it extends renewable energy production and investment tax credits has cleared its latest hurdle. H.R. 6049, the Renewable Energy and Job Creation Act of 2008, got through the U.S. House by a 263-160 margin.
Biodiesel-powered vehicles were the dominating force during this year’s Challenge X… a four-year engineering competition with 17 university teams from across North America developing General Motors vehicles using alternative energies. 
The Mississippi State team designed a through-the-road parallel hybrid electric vehicle powered by a 1.9L GM direct injection turbo diesel engine fueled by bio diesel (B20). It achieved a 38 percent increase in fuel economy over the production vehicle on a modified urban test cycle.
The 2008 Indy Pace Car corvette wasn’t the only shiny new toy to check out at the giveaway this morning. The 
I caught up with Indiana Corn’s Mark Walters again, as well as ICMC’s Mike Shuter (pictured), the council’s President and a Frankton, IN farmer. We talked about the new mobile marketing unit, the truth about ethanol as they see it and how IN corn fits into the ethanol industry. You can listen to my interview with Mark and Mike here: [audio:http://www.zimmcomm.biz/epic/shuter-walters-indy.mp3]
The 
Taking the 2008 Corvette is fun… and a bit dangerous. Tom Severino will promise you that. Tom is the Vice President and Market Manager of Emmis Indianapolis radio, the parent company of Hank FM. I spoke with Tom about Hank FM’s joint effort with the 
Well winners, really. And no, they’re not the two cute girls to the right. They were so cute though that I had to use their picture. It was Darron Stewart and his two sons that had brought the magic touch from Carmel, IN to a certain red buzzer. The troupe won a 2-year lease to a 2008 Indy pace car corvette at this morning’s special giveaway. The giveaway was the final event in a month-long promotion to raise awareness of ethanol. 
There’s no question for the 
Two more biodiesel producers and a marketer have joined the ranks of those that are meeting a strict fuel quality assurance. BQ-9000 is a voluntary fuel quality assurance program, overseen by the National Biodiesel Accreditation Commission (NBAC) and adopted by the National Biodiesel Board and the Canadian Renewable Fuels Association. 
The Crystal Flash at Rangeline in Carmel, IN was the first gas station in the Indianapolis metro area to offer E85 fuel, and that was several years ago. Andy Batt, the Vice President of Merchandising for Crystal Flash fuel retailer, says E85 sales make up about four to five percent of all gallons of fuel sold at the Rangeline location. He says ethanol pump promotions like the one the