Monday morning, Senator Patty Murray (D – WA) & Propel hosted a press conference to discuss support for the Biodiesel Blenders Tax Credit and its positive impacts on job growth, carbon emissions reduction and national security. Since the tax credit was left to expire in January, US biodiesel production has largely screeched to a halt. As a result, many producers including Imperium Renewables have looked to markets outside of the US to sell its fuel. The industry’s message was clear; renew the tax credit and our industry will immediately increase production, and create jobs.
The event was held at Propel Fuels Clean Fuel Point, the first renewable fuels station in downtown Seattle, Senator Murray was joined by the leaders of companies from up and down the biodiesel value chain (bioscience, refining, production and retail consumer access), who discussed the importance of the extension of the tax credit currently being debated in Congress.
Speakers included Matt Horton, CEO of Propel Fuels, Todd Ellis, VP of Business Development for Imperium Renewables, Dr. Margaret McCormick, COO for Targeted Growth, and Cameron Hewes, President and CEO of General Biodiesel.
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