Top ag official asks Congress to renew the biodiesel blender's credit.
Monday, February 22, 2010
U.S. Agriculture Secretary Tom Vilsack is pushing Congress to revive the $1-per-gallon tax credit for producers of biodiesel, according to a Reuters report.
As the Weekly reported Jan. 28, commercial production of the alternative fuel stalled out when the previous tax credit expired at the end of 2009.
Among those affected: Energy Alternative Solutions in Gonzales, which pumped out about a half-million gallons of biodiesel last year.
The loss of the credit also threw a wrench in Monterey Salinas Transit's efforts to transition to biofuel. Until prices come back down, MST has gone back to the industry standard, "clean diesel," a filtered petroleum fuel.
Biodiesel backers are asking Congress to not only renew the tax credit, but also to make it retroactive to Jan. 1.