More about BIODIESEL
Scientists believe carbon dioxide is one of the main greenhouse gases contributing to global warming. Neat biodiesel (100% biodiesel) reduces carbon dioxide emissions by more than 75% over petroleum diesel. Using a blend of 20% biodiesel reduces carbon dioxide emissions by 15%.
Biodiesel has the highest "energy balance" of any transportation fuel. Analysis shows for every unit of fossil energy it takes to make biodiesel, 3.2 units of energy are gained. This takes into account the planting, harvesting, fuel production and fuel transportation to the end user.
Biodiesel exhaust has a less harmful impact on human health than petroleum diesel fuel. Pure biodiesel emissions have decreased levels of polycyclic aromatic hydrocarbons (PAH) and nitrited PAH compounds that have been identified as potential cancer causing compounds. Also, particulate matter, an emission linked to asthma and other diseases, is reduced by about 47%, and carbon monoxide, a poisonous gas, is reduced by about 48%.
Federal tax credit incentives are available for the production and use of biodiesel fuel. The credit equates to a one penny per percent of biodiesel in a fuel blend made from agricultural products like vegetable oils, and one-half penny per percent for recycled oils. This incentive is taken by petroleum distributors and passed on to consumers. The USDA developed a study that estimated this incentive will increase the demand for biodiesel to at least 124 million gallons per year. And depending on other factors, including crude oil prices, the industry projects that demand could be much higher.
To inquire about how Biofuel Capital Partners can assist with your biofuels project financing or buy/sell of tax credits please contact us at:
(936)321-1125 or email: info@Biofuelcapital.com