Posts Tagged ‘biodiesel’

Friday, December 17, 2010

Late Thursday evening in Washington, D.C. Congress passed the 2011 tax package, which includes incentives for the purchase of alternative fuels. According to the Associated Press, the package consists of “A series of incentives for selling, using and producing alternative fuels, including ethanol. Many of the provisions expired at the end of 2009. They would be extended through 2011. Cost: $11.3 billion” (Associated Press). In addition, the tax extension includes tax credits provided to property owners, both residential (up to $1,000) and commercial (up to $30,000), for installing electric vehicle charging systems in their home or workplace. In a press release the Electric Drive Transportation Association stated, “We applaud Congress for extending these charging station tax-credits for the growth of plug-in electric vehicles in the U.S.” (http://tinyurl.com/25urzav). In addition, the U.S. Senate and House of Representatives reinstated a biodiesel tax incentive that had been eliminated in 2009. In an announcement presented on the Biodiesel.org website it said, “The biodiesel tax incentive is structured in a manner that makes the fuel price competitive with conventional diesel fuel in the marketplace.” (www.biodiesel.org). Lastly, the new Tax Bill for CNG and propane, “…extends the 50 cents per gallon excise tax credit retroactively for calendar year 2010 and through December 31, 2011. It also extends tax credit incentives for developing natural gas fueling infrastructure,” (www.tradingmarkets.com). All of these tax credits and incentives are expected to be signed into law by President Obama today, Friday December 17, 2010.

These alternative fuel and technology tax credits and incentives will continue to help the U.S. become more educated about alternative fuel energies, create more U.S. jobs and become less dependent on foreign oil- a step forward to ensuring air quality for future generations.

On December 7, 2010 a Sunoco Station in Hunts Point, The Bronx, announced that it will install and offer B5 Biodiesel to its customers. Tri-State Biodiesel LLC is supplying the fuel to Sunoco. Tri-State Biodiesel, LCC collects waste cooking oil from over 3,000 restaurants and transforms it into fuel.

For more information please visit: www.tristatebiodisesel.com

Join this 30-minute webinar to learn how New York is cleaning and greening buildings with Bioheat®. New York City is already the nation’s largest municipal user of biodiesel. This free webinar will examine why New York City has now approved an air quality bill that ensures cleaner burning Bioheat® is used for heating homes and buildings in this City that uses 1 billion gallons of heating oil annually.

When: Thursday, September 30th at 2pm EST

Register HERE

Did you know that biodiesel is the only advanced biofuel currently available in the U.S. on a commercial scale?

You can learn more about why the EPA has defined biodiesel as an “advanced biofuel” and what it means for the future. NBB appreciates the support of Biodiesel Alliance and Backers and is asking for your input as we work to grow biodiesel use. Please join the webinar to discuss biodiesel’s role as an advanced biofuel.

U.S. produced biodiesel is the most environmentally friendly fuel available today. Biodiesel’s potential as an improving and evolving industry already surpasses “next generation” fuels.

NBB Director of Sustainability, Don Scott, will lead the discussion and answer questions.

Biodiesel: America’s Advanced Biofuel

When: August 26th

3-4 pm EDT

Click here to register for the webinar!