By Nicholas Zeman
Posted January 14, 2010
The Obama administration coming out with billions of dollars from the American Recovery and Reinvestment Act to increase “clean energy manufacturing” could seem almost like a taunt to biodiesel producers.
President Barack Obama announced “awardees” of the $2.3 billion clean energy manufacturing tax credits as existing biodiesel producers languish over the lapse of their specific federal blender tax credit. “Projects are assessed based on the following criteria: commercial viability, domestic job creation, technological innovation, speed to project completion, and potential for reducing air pollution and greenhouse gas emissions,” the White House stated on Jan. 8.
There’s a word that describes the 2009 renewable fuels year—idle. Huge plants sat quiet for months as vegetable oils were high and diesel prices were not. Imperium Renewables Inc., which suffered an explosion at its Grays Harbor plant in Washington, said it was in no big hurry to make repairs while the tax credit is nonexistent. And just as the blender tax credit birthed the term “B99,” its expiration also killed it. Producers, such as Renewable Energy Group Inc., are offering the more expensive B100 in its place.
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