"Grassley's pending legislation would grant a 1 cent reduction in excise tax per percent of biodiesel blended with diesel up to a 20 percent or 20 cent cap. The biodiesel credit would apply to all domestically produced oilseeds and all recycled oil, Heck said."That's nice and all, but why stop at 20%?
"Some may say that biodiesel legislation only affects agriculture, Metz said, but that's not true. Nearly all -- 95 percent -- of the freight moved in the United States is moved by diesel engines."
"Trucks are the No. 1 user of diesel fuel in the nation, followed by agriculture. Trucks burn about 35 billion gallons of diesel fuel a year."
News and information about Biodiesel & alternative fuels.
Biodiesel in Pending Senate Bill
There are some interesting statistics in this AgriNews article, regarding biodiesel-related legislation in a pending energy bill: