Says the dollar credit will be paid retroactive if the extension gets passed... and we still have the state .33 per gallon credit. So long as we keep getting the grease Extreme will get their profit as they always have with out the credit and Evirotek will get the extra dollar credit in due time.
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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