Clean Energy Pathways, Inc. (CPWY)

[spike007]

I truly dont know how it will affect us.....a dollar for each gallon produced is a pretty hefty loss for struggling plants ....on one hand it might shake out smaller producers and put them under where only the strongest financially backed plants survive... supposedly only 15% of current us bio production capacity is utilized anyway I read somewhere . This article says probably around March it MIGHT BE renewed. So for any plants strong enough to hold on they should be back to business as usual in March possibly.

Now do we contract with several smaller plants to produce glyclean and glycoal and are those specific plants in danger of going under ?????? Do these smaller plants competing with each other regionally keep wholesale prices down slightly ? Without knowing how we operate - its hard to predict anything. I think if this subsidy does not get RENEWED we are sunk....j

From sugarcaneblog.com

Grassley: Biodiesel Tax Credit Extension May Drag; Ethanol Tariff will be Controversial, Difficult to Maintain
Posted on January 6, 2010 by sugarcaneblog
Senator Charles Grassley (R-IA) says the U.S. Senate may take some time to approve the tax extenders bill, which among other things would renew the $1.00 per gallon biodiesel tax credit that expired on December 31, 2009. During his weekly call with reporters (audio available here), Grassley said “there’s a real intention of getting the extensions, as well as the estate tax, done in the early months.” However the Senator warned it may be March before the Senate acts, which is certain not to please the biodiesel plants idled by loss of tax credit.
At the end of the interview (transcript here), he also noted that he expects a difficult fight to maintain the 54 cents per gallon import tariff of ethanol. Grassley said, “the only thing that might be controversial and difficult to maintain would be the ethanol import duty.” Grassley, of course, said “he would fight to maintain” the 54 cents tariff on imported ethanol, which mainly targets Brazilian sugarcane ethanol.