March 2, 2015

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

Brevard man finalist for one-way trip to Mars
Brevard man finalist for one-way trip to Mars

A Merritt Island man has advanced to the final round of 100 candidates vying to be selected as astronauts by the Mars One Foundation, which wants to establish a human settlement on the Red Planet in the next decade.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Is this the year Florida's legislature will accept billions of dollars in Medicaid expansion?

  • Yes, legislators can't avoid it. It's our money.
  • No, the House won't approve anything related to Obamacare.

See Results

Ballot Box
Subscribe