Thursday, November 02, 2006

New Mexico push for Biodiesel

New Mexico - Governor Richardson is set to unveil a new energy package to include a 6-cent-per-gallon tax credit to gas stations that distribute biodiesel, a one-time tax credit of 30 percent of the cost to install tanks and pumps necessary to distribute the biodiesel fuel, and a push to make every gallon of diesel fuel sold in New Mexico 20 percent soybean oil or ingredients from another crop by 2020.

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