Friday, January 01, 2010 8:14:21 PM
Users still want the stuff and the state credit of .33 x 4,000 gallons = $1,320 per day with $4,000 per day to catch up when the extended credit is paid retroactively.
A one-year extension of the biodiesel tax credit was included in a bill that was approved by the U.S. House recently, but it never made it through the Senate.
Lawmakers say the tax-credit will be retroactive if approved.
...also commercial end users get carbon credits for using bio fuel blends and will pay a little more.
I believe the plants closing down bought fresh feed stock and that is expensive.
I believe the extension will go thru and while it may have been a though year for other biodiesel plants Extreme has increased its mini refinery sales and production.
When the going gets tough, the tough get going!
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