Yesterday Governor Terry Branstad signed biodiesel legislation - TopicsExpress

Yesterday Governor Terry Branstad signed biodiesel legislation into law. You can watch part of his speech here. With the fate of the federal biodiesel tax incentive and the Renewable Fuel Standard volumes currently uncertain, strong state biodiesel policies help stabilize the industry and provide a baseline for producers. Governor Branstad mentioned this specifically at the signing ceremony, which took place at the Poet biorefinery in Coon Rapids, Iowa. He said he plans on sending a copy of the signed bill to President Obama and the EPA in a show of support for biofuels and the RFS. The incentive is structured as a 2 cent per-gallon refundable credit for the first 25 million gallons produced at any single plant in the state. The incentive was set to expire at the end of this year but the extension now moves that through 2017

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