Effective Biofuel Incentives
As climate change is a global crisis, the government is invested in helping businesses and corporations switch to greener alternatives in every industry, and using biodiesel is one of these supported initiatives.
Ethanol and biodiesel are the two most widely used biofuels and receive significant government support under federal law through mandated fuel use, tax incentives, loans, and grant programs.
These biofuel incentives are meant to encourage companies to make more environmentally conscientious decisions and do their part to combat climate change.
Incentive Programs
There are currently 22 incentive programs and provisions that have been established over the last three decades to support the use of renewable biofuels. Five different departments administrate them:
- Environmental Protection Agency
- Department of Agriculture
- Department of Energy
- Internal Revenue Service
- Customs and Border Protection
These programs target various beneficiaries, including farmers and rural small businesses, biofuel producers, petroleum suppliers, and fuel marketers.
Now more than ever, many companies will be compensated for taking steps towards a greener future.
.png "Global Biodiesel Trading Logo")
Address
31 Merritt Street
Columbus, OH 43207
Hours of Operation
Monday – Friday: 8 AM – 5 PMSaturday and Sunday: Closed