Biodiesel and Ethanol Investing

Domestic Fuel reports that several bills addressing biodiesel and biomass are on Michigan Gov. Jennifer Granholm’s desk, waiting for her signature to help make the state a national leader in alternative fuel production. Some of the bills include creating five new Alternative Energy Renaissance Zones for facilities that use cellulosic materials for fuel production, a requirement that the Michigan Department of Agriculture develop standards for a 20 percent biodiesel blend, expansion of the Renewable Fuels Commission’s role and scope, and creation of a property, sales and use tax exemption for machinery used to harvest biomass. These bills would also help create thousands of jobs in a state that is currently on shaky employment ground. Further details are available at Michigan’s publication, The Bay City Times.