Hi SkunK (if this is SkunK, I’m not 100% sure), From US Water Services, I just wanted to say thanks for posting our new COR promotional video to your blog. It has improved the number of views on the video quite a bit for a new video posting. We wanted to also thank you publicly via Twitter or something like that, but can’t find a related Twitter account or really any connection to social media. If you do have other SkunK related profiles on social media sites, please let us know! Thanks again for the posting.
Regards,Austin J. Bly
Marketing & Communications Intern
U.S. Water Services
12270 43rd St. NE
St. Michael, MN 55376
***************
The Power of the SkunK Media Empire . . tic :~)
SkunK
Wednesday, June 22, 2011
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New Bill To Extend Biodiesel Credit To 2014.
This bill would be a huge win for the industry. A wave of investments would result from a 3 year extension. The most important part is that this bill will change the credit to a production excise credit. This means the companies that produce the fuel will get the $1 a gallon instead of the oil companies. There's big changes going on right now. The tax credits are being taken away from the big oil companies and redirected to the companies that deserve it. The same thing is happening with the ethanol credit. No more tax breaks for big oil, give it to the biofuel companies instead.
Bill Unveiled in U.S. House to Extend Biodiesel Tax Credit
U.S. House Agriculture Committee Ranking Member Collin C. Peterson, D-Minn., today joined Rep. Aaron Schock, R-Ill., to introduce the Biodiesel Tax Incentive Reform and Extension Act or H.R. 2238.
The legislation extends the $1.00 per gallon biodiesel tax credit to 2014 and changes the tax incentive to a production excise tax credit, according to a news release from Peterson's office.
"Increasing the production of renewable energy is vital to creating jobs and growing our rural economies," Peterson said. "Unfortunately, by allowing the biodiesel tax credit to lapse, we've already witnessed a loss of jobs and production."
He added, "The biodiesel industry is still developing and, with the certainty of the biodiesel tax credit, we can continue to move forward and fully realize our renewable energy potential."
The bill comes just days after the Senate voted last week to immediately repeal subsidies for the ethanol industry that costs the U.S. Treasury $6 billion a year. That Senate bill is, however, not expected to become law, as it was merely symbolic, lacking companion legislation in the House. Some Senators are working on a compromise bill that will reduce the biofuels subsidies rather than eliminate them.
The current tax credit pays $1.00 per gallon for blending biodiesel into diesel fuel. The credit was allowed to lapse in 2010, expiring on Dec. 31, 2009, before being reinstated in December 2010 and extended to Dec. 31. The credit would expire at year's end without action by Congress.
Several lawmakers concerned about the growing national deficit, led by Sen. Tom Coburn, R-Okla., and Ben Cardin, D-Md., have attempted to pass legislation repealing all biofuels subsidies.
On June 16, 73 senators voted to repeal the Volumetric Ethanol Excise Tax Credit, also known as ethanol blender's credit, which pays 45 cents per gallon to blend ethanol into gasoline. The senators also voted to immediately end a 54 cents per gallon tariff on imported ethanol.
Both the VEETC and tariff were extended in December 2010 to Dec. 31.
Ethanol and biodiesel supporters argue that those subsidies are necessary to make biofuels competitive with petroleum fuels.
http://www.dtnprogressivefarmer.com/dtnag/common/link.do?symbolicName=/ag/blogs/template1&blogHandle=ethanol&blogEntryId=8a82c0bc301f591e0130b388a811069a
Skunk,
Can you spell S-U-N-O-C-O ?
New License
http://www.marketwatch.com/story/greenshift-licenses-its-patented-corn-oil-extraction-process-to-sunoco-2011-06-24?reflink=MW_news_stmp
Looks like ICM is OUT and GERS is IN!
http://www.ethanolproducer.com/articles/6287/icm-to-retrofit-idle-fulton-n.y.-plant
This also speaks volumes about the litigation outcome. If Sunoco, like GPRE, thought that could have this technology by pirating it, they would have. Both Sunoco and GPRE's attorneys must have concluded as the USPTO did; this intellectual property is GERS and GERS alone.
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