BSLM will be a LEADING PRODUCER of BIO-DIESEL fuel, and I highly expect production to commence in the short-term, once ACQUISITION is FINALIZED!
The Chart has absolutely BOTTOMED, and now we have this release, pertaining directly to BSLM. Be on watch for FURTHER DEVELOPMENTS SOON.
This is STRONG news for all BIO-DIESEL companies, which the OTC Reporter was all over on Wednesday...:
House OKs alternative fuels mandate: BSLM
Governor Vilsack Signs Renewable Fuels Bill
Governor Vilsack signed bills today aimed at increasing the use of renewable fuels.
The legislature approved measures providing $2,000,000 a year for three years to help gas stations provide storage tanks and convert pumps to E85 and biodiesel.
Vilsack set a standard requiring 25% of all fuel burned in the state be renewable by 2020. E85 is a blend of 85% ethanol and 15% gas. It's about 40 cents cheaper than regular gas.
Biodiesel is made from soybeans and is a replacement for diesel fuel used in semis.
The bills also provides tax credits for companies selling the alternativefuels.