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Iowa biodiesel production tax obligation credit expanded through 2024

Plantations International Agarwood Gaharu News In Iowa, at Renewable Energy Group Inc.'s Newton biodiesel plant, Gov. Terry Branstad signed legislation right into legislation May 24 prolonging as well as expanding state biodiesel incentives. The costs, SF 2309, prolongs a state biodiesel manufacturing tax obligation credit rating via 2024. The manufacturing credit, which amounts to 2 cents per gallon on the very first 25 million gallons of production per biodiesel plant, was scheduled to sunset Dec. 31, 2017. The procedure also expands as well as broadens a retailer's credit that gives petroleum retailers an incentive of 4.5 cents per gallon on blends [...]

White Hill Biodiesel goes through large plant expansion

Plantations International News White Mountain Biodiesel LLC is undertaking a major growth at its biodiesel manufacturing establishment in North Haverhill, New Hampshire. The two-year development job will certainly increase manufacturing capability of White Mountain Biodiesel from 3 MMgy to even more compared to 16 MMgy and consists of a 10,000-square-foot enhancement to its existing center and installation of almost 1.2 million gallons of additional handling and storage tanks. The company claims the enhancements will be made using proprietary technologies created internal over the past 9 years, as well as the job will cause significant expense decreases from increased efficiencies. Presby Building [...]