Iowa governor inks comprehensive biodiesel legisaltion

In Iowa, the Iowa Biodiesel Board praised comprehensive legislation signed by Governor Terry Branstad, who has signed Senate File 531.

The legislation extends the Iowa biodiesel retailer credit, at 2 cents per gallon for blends of 2 percent biodiesel in 2012, and 4.5 cents per gallon for 5 percent biodiesel in 2012 through 2017, makes it easier for petroleum marketers to achieve the credit,. It also adds a biodiesel producer incentive of 3 cents per gallon in 2012, 2.5 cents per gallon in 2013, and 2 cents per gallon in 2014 (for the first 25 million gallons per facility), provide $3 million a year to the Renewable Fuels Infrastructure Board, and gives the Iowa Biodiesel Board a seat on the Renewable Fuels Infrastructure Board.