July 22, 2014

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

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Greenlight Pinellas: Connecting Tampa Bay
Greenlight Pinellas: Connecting Tampa Bay

Chris Steinocher, President & CEO, St. Petersburg Area Chamber of Commerce, explains the benefits of a proposed public mass transit system with plans to unite the Tampa Bay Area.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you agree with the Florida jury who just awarded $23 billion to the wife of a (deceased) smoker in her suit against RJ Reynolds?

  • Yes, justice has been served
  • No, that is too much

See Results

Ballot Box
Subscribe