Toronto, Canada-based Bio-Extraction Inc. is joining with BioNex Energy Corp to develop and test, and then prove the commercial viability of using a cold crushing technology to more efficiently extract oils from seeds for use in a BEC biodiesel refinery in the works in western Canada. Check out this story from Renewable Energy Access.com: BEC is a developmental stage company …
Ethanol Key Topic at OAS Meeting
A showdown over ethanol is brewing at the Organization of American States’ General Assembly meeting this week in Panama. According to this story in the Washington (DC) Times, the U.S. and Brazil are pushing an OAS paper promoting looking for alternative fuel sources in the Western Hemisphere, more specifically, ethanol, which the Americans and Brazilians are producing in the billions …
Tyson Defends Using Biodiesel Credit
Tyson is defending the use of a biodiesel tax credit by the meat-producing giant and oil giant ConocoPhillips. A recent IRS ruling that the two companies could take advantage of a $1-a-gallon tax credit brought criticism from the National Biodiesel Board (see my post on April 18th) and the threat of legislative action by a Congressman from Texas (see my …
NBB Fights Tax Incentive Abuse
The National Biodiesel Board is vowing to fight what it considers abuse of the biodiesel tax credit. According to a release from the NBB, the original intent of the credit was to help the biodiesel industry get off the ground, but big oil companies now are trying to take advantage of it: The NBB has been advised of a potential …
Dems Also Irked Over Conoco/Tyson Biodiesel Plans
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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Download ZimmComm Media Kit (pdf) Energy.AgWired (Domestic Fuel) is a news blog focused on alternative sources of fuel and energy including ethanol and biodiesel and other alternative energy sources. With a push to eliminate dependence on foreign oil that’s being led by the government, consumers and anyone involved with the industry need accurate, timely news about what is happening that …