Biodiesel a concern as renewable fuel subsidies end

Published 9:44 am Tuesday, January 3, 2012

By Mark Steil, Minnesota Public Radio News

LAMBERTON — A couple of key federal subsidies for the renewable fuel industry are about to end, cutting billions of dollars tax credits for the ethanol and biodiesel industries.

Congress could renew the tax credits when it returns to Washington early in 2012, but they are set to expire at year’s end today. Representatives of the well-established corn ethanol industry say their business will do just fine without the support, but those in the still-developing biodiesel sector are concerned.

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