The U.S. Congress’ new budget deal offers energy incentives to biofuel companies, which could be a big boost to the industry as a whole. The credit includes a $1 per gallon tax credit for mixing biodiesel and a $1.01 per gallon credit for cellulosic ethanol production.
The Viability of Biofuel
Biofuel is certain to be a growing piece of the energy puzzle in coming years. Companies like Shell have invested over the last decade, giving the industry the boost it needs to continue development. While it’s never likely to become the predominant choice, it will be an essential part of the mix. New technology ahs even discovered options like developing biofuel from algae, which may mean further diversification to this growing field.
We’ve worked with dozens of companies in the biofuel industry, and we know just what an important piece of the energy mix it can be. Our technology is working to help biofuel companies get more done, with or without the current tax credits. We offer tank heating solutions that use less energy and are far more effective than many others on the market, as well as catalyst mixing and fuel blending options other companies haven’t even considered.
Biofuel will continue to grow as an industry, and we’ll be behind them with our technology!