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August 17, 2017

Tech Spotlight

Biodiesel Economics

Barbara Miracle | 6/1/2006
What's really driving the biodiesel business today isn't environmentalism or concerns about reliance on foreign oil. It is economics.

PRODUCERS: The 2002 Farm Bill provided federal subsidies of up to $150 million a year total to biodiesel and ethanol refineries. That program is slated to end in 2008.

BLENDERS: A federal jobs bill that took effect in 2005 gave companies that mix agriculture-based biodiesel with regular diesel a tax credit of a penny per percentage of biodiesel. For example, making B99 would get a tax credit of 99 cents per gallon. Biodiesel made with waste cooking oil only gets a half-cent per percentage of biodiesel.

Tags: North Central, Energy & Utilities

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Florida Trend Video Pick

Lightning Caught On Camera More But Killing Less
Lightning Caught On Camera More But Killing Less

Lightning is an accepted hazard in Florida, especially in the summer. Recently, surveillance cameras captured a number of people being hit. Weather experts say lightning deaths have trended down for decades and 2017 could see an all-time low. 

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