Pacific Biodiesel Cheers Extension of Renewable Energy Tax Credit

Hawaii’s lone commercial producer of biodiesel says it won’t have to raise its prices for the alternative fuel thanks to the decision by Congress to extend a tax credit for the industry.

The $1-a-gallon biodiesel blenders credit was one of several renewable-energy tax incentives extended by Congress on Tuesday as part of a last-minute deal to avoid the automatic spending cuts and tax increases that would have otherwise taken effect that day.

To read the entire article from the Honolulu Star Advisor click HERE