DEAR BIODIESEL SUPPORTERS
Unfortunately, the U.S. Senate has failed to extend a critical tax credit for domestic biodiesel production causing a $1 per gallon increase in the price of biodiesel.
Most biodiesel plants across the U.S. have shut down at this point as it is no longer economically feasible to produce. At Blue Ridge Biofuels, we are fortunate to have a local supply of waste vegetable oil that allows us to continue limited biodiesel production. We are doing our best to weather this storm and keep prices as low as possible, but there is no date set for the Senate to consider the tax credit extension at this point.
Due to the tax credit expiration and our lower production levels, we are dropping our blends to B20 at all fueling stations so that we can make sure you can still have access to biodiesel during this time. As soon as the tax credit is renewed, we will be able to raise our blends to B50 at our higher blend stations (Gas Up in West Asheville and Aztex BP in Sylva) and B99 for the summer months.
PLEASE CALL OUR SENATORS AND URGE THEM TO PASS THE BIODIESEL TAX CREDIT:
SENATOR KAY HAGAN 202-224-6342
SENATOR RICHARD BURR 202-224-3154
Your calls really do make a difference!
And thanks to Congressman Heath Shuler and the U.S. House of Representatives for passing HR 4213 prior to the holiday recess to extend the biodiesel tax credit. You can thank Congressman Shuler at 202-225-6401.