Tuesday, October 9, 2007

Oregon Legislation..... Will the Gold Rush Come?

Check it out in the Oregonian.....

If you didn't know. Recently the State of Oregon passed into law several huge investments in the biofuels sector.

A time limited support to farmers looking to grow feedstocks for biofuels. Giving Oregon's natural resource industries a little less risk as they approach these new non-food grade markets.

An expanded loan guarantee program for larger biofuel infrastructure programs.

An expansion of the popular Business Energy Tax Credit (BETC) program to a 50% tax credit for biofuel and alternative fuel related capital investments.

A statewide Renewable Fuel Standard (RFS) requiring biodiesel and ethanol be blended into Oregon's on road motor fuel supply. (NOTE: The statewide RFS is distinctly different than the city of Portland's own RFS which is already in effect).

No comments: