Tag: incentives

Iowa gives loan and tax incentives to chemical facility for biodiesel ingredient

Iowa gives loan and tax incentives to chemical facility for biodiesel ingredient

November 11, 2014 |

In Iowa, the state’s Economic Development Authority has approved $128,000 in loans and $402,000 in tax incentives for New Heaven Chemical, a subsidiary of TSS Group in India, to build a sodium methylate plant whose products will be used in biodiesel production. If the company achieves its goals, which include creating 16 jobs paying at […]

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Trade groups urge legislators to extend advanced biofuel incentives

Trade groups urge legislators to extend advanced biofuel incentives

March 24, 2014 |

In Washington, a group of biofuel trade organizations have sent a letter to Senate Finance Committee Chairman Ron Wyden (D-Ore.) and Ranking Member Orrin Hatch (R-Utah) encouraging extension of critical advanced biofuel tax incentives — the Second Generation Biofuel Producer Tax Credit, the Special Depreciation Allowance for Second Generation Biofuel Plant Property, the Biodiesel and […]

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Minnesota legislators propose incentives for advanced biofuels and chemicals

Minnesota legislators propose incentives for advanced biofuels and chemicals

March 17, 2014 |

In Minnesota, state legislators proposed H.F. 2456 and S.F. 2101 that would create a loan program for capital equipment for renewable chemicals and advanced biofuel as well as provide incentives for the production of those fuels and chemicals. The loan program would fall under the remit of the state agricultural commissioner. At least 80% of […]

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