Thursday, January 06, 2005

Tax Break Encourages Use of Biodiesel for Home Heating

The Dow Jones Newswire reports that some distributors of heating oil and diesel in the Northeast have started marketing "biodiesel" for home heating use, encouraged by a new federal tax credit used to promote alternate fuels:

Fred M. Schildwachter & Sons, the first New York-area terminal to market biodiesel for trucks, is offering the same fuel — a blend of 80 percent diesel fuel and 20 percent soybean oil — to its home heating customers. The move gives heating-oil consumers a means to lower their output of sulfur and other harmful emissions. If it catches on, the use of biodiesel could go a long way to ease the periodic supply constraints in the Northeast, the nation's main heating oil market.

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