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Green Light Moves to greentechmedia.com

Rick Thompson: January 4, 2010, 3:00 AM

It's been fun, but Greentech Media's Green Light blog is no longer being updated at this URL. All content is now being integrated directly into our main website - www.greentechmedia.com. For your convenience, all archived content on Green Light is still available on our site via search, related content, etc.

Thank you for reading our Green Light blog and enjoy our new, more powerful content stream on greentechmedia.com.

Thanks!

The Greentech Media Staff

Biodiesel Tax Credit Ends, But Expect it to Return

Michael Kanellos: January 2, 2010, 1:02 PM

The $1 a gallon tax credit for biodiesel expired with the New Year, but there's a good chance that it will return as a retroactive credit in whatever energy bill gets passed.

The $1 tax credit, passed in 2004, helped biodiesel get off the ground. (The $1 applied to virgin oil--biodiesel from old oil got a smaller credit.). The credit, though, didn't completely insulate the industry from supply and demand. Rising feedstock prices and then declining diesel prices have meant financial headaches for many refiners in the past few years. The Energy Information Administration has already said that the U.S. won't likely hit its "100 million gallons by 2022" mandate until 2030. Many ethanol...