Biodiesel Industry Responds Positively To Tax Credit Passage

The National Biodiesel Board responded to the news that the biodiesel tax credit had cleared the House of Representatives in a statement.

“Reinstatement of the biodiesel tax credit is welcome news for the U.S. biodiesel industry and good news for the nation as a whole,” said Manning Feraci, NBB Vice President of Federal Affairs. “This will undoubtedly help kick-start the domestic biodiesel industry, lessen our dependence on foreign oil, and create thousands of new jobs across the country.”

The news was also welcomed by producers, a couple of which have already announced restarting or increasing production as a result of the bill passing.

Clean Energy Pathways to Ramp up Fuel Production

Clean Energy Pathways, Inc. will begin the New Year with its fuel division in full swing, as a result of the reinstatement of the biodiesel tax credit incorporated in the tax bill to be signed by President Obama today.

Imperium Renewables Praises Extension of Biodiesel Tax Credit

Company Poised to Ramp Up Production and Rehire Workers in 2011

"Today marks a tremendous event for the U.S. biodiesel industry," said John Plaza, founder and CEO of Imperium Renewables. "With both the Senate and House including the biodiesel tax credit in the President's Tax Package, we can get back to the job of supplying our Nation with renewable fuels made in America."