Firm cheers extension of renewable-energy tax credit

Pacific Biodiesel had girded for the loss of the federal incentive, now in place till 2014

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Jan 03, 2013

~~<p>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.</p>
<p>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.</p>
~~

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. Login for more...