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[QUOTE]Originally posted by Ka-Ching: [QB] This is [b]great news[/b] for all [b]BIO-DIESEL[/b] companies, which the OTC Reporter was all over on Wednesday...: [b]House OKs alternative fuels mandate: BSLM[/b] Governor Vilsack Signs Renewable Fuels Bill [b]Governor Vilsack signed bills today [i]aimed at increasing the use of renewable fuels.[/b][/i] The legislature approved measures providing [b]$2,000,000 a year for three years[/b] to help gas stations provide storage tanks and convert pumps to E85 and biodiesel. Vilsack set a standard [b]requiring 25% of all fuel burned in the state be renewable by 2020. E85 is a blend of 85% ethanol and 15% gas.[/b] It's about 40 cents cheaper than regular gas. Biodiesel is made from soybeans and is a replacement for diesel fuel used in semis. [b][i]The bills also provides tax credits for companies selling the alternativefuels.[/b][/i] [/QB][/QUOTE]
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