This week, we’ve heard a lot of talk about a change in Internal Revenue Service policy that will allow big oil companies to cash in on a $1-a-gallon tax credit originally intended to help the biodiesel industry off the ground (see my posts on April 16th & April 18th). The National Biodiesel Board has blasted the IRS for the change, …
NBB Blasts Conoco/Tyson Biodiesel Plans
Oil company giant ConocoPhillips is teaming up with food giant Tyson to start selling biodiesel. According to this article on CNet News.com, the project would combine a plentiful resource Tyson has… animal fat… with a seemingly plentiful ConocoPhillips resource… money: Tyson formed a renewable-energy division last year. The company generates about 2.3 billion pounds of animal fat a year in …
Lincoln, Coleman Look to Extend Biodiesel Tax Incentive
In a bi-partisan move, Sen. Blanche Lincoln, Democrat from Arkansas, and Norm Coleman, Republican from Minnesota, have introduced legislation today to extend the federal biodiesel tax credit. The legislation would extend the federal excise tax credit and income tax credit for biodiesel to 2017. Lincoln originally introduced the credit and got it passed in 2004. In a press release, the …
Hungary’s Largest Biodiesel Plant to Start in May
Europeans seem to be as keen on alternative fuels as their American counterparts… maybe even more so. This article from the Budapest-based on-line financial journal, Portfolio.hu, says the country is about to open it’s biggest biodiesel operation to date. Öko-Line Hungary Kft. will start production at the country’s largest biodiesel plant near Bábolna (northwest Hungary) in May, with an initial …
Terror-Free Fill-Up
The Terror-Free Oil Initiative is planning to open the nation’s first “terror free” gas station in Omaha. According to the Associated Press and numerous television news reports, the Terror-Free Oil station in west Omaha will sell gas from oil companies that do not do business in the Middle East. The station is scheduled to open in February and organization officials …
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The Wild Green Yonder?
Bio jet fuel could be the next frontier for domestic fuel. I had to do some hunting to find the original article on the research being done at the University of North Dakota to make jet fuel from crop oils, but I finally found it in the Grand Forks Herald. According to the story, the military is very interested “because it helps …