Studies have shown that biodiesel from virgin vegetable oil reduces carbon dioxide emissions and petroleum consumption when used in place of petroleum diesel.
This tax credit program is a volumetric based income tax credit for the production of biodiesel that is made from first-use vegetable oils and first-use animal fats.
Biomass is any organic material produced by animals and plants, such as crops, wood, manure, municipal solid waste, ethanol, methane, and biodiesel.
Additionally scientists found that by combining alcohol with animal fat or vegetable oil they can generate another type of fuel called biodiesel.
Interest was renewed in biodiesel in the mid-1970s when the energy shortage occurred, and gas prices surged upward throughout the United States.
Biodiesel blends can also be used in a standard oil fired furnace or boiler, making it an alternative fuel source for heating residential homes.
The United Soybean Board terms it this way: Biodiesel is a mono-alkyl oxygenated fuel made from soybean or other vegetable oils or animal fats.
This is due to the fact that growing soybeans consumes nearly four times as much CO2 as the amount of CO2 produced from biodiesel exhaust.
Can be used in a diesel engine with a blend of 20 percent biodiesel and 80 percent petroleum without any modification to the engine.
According to Amerigreen, if all households using heating oil used a B5 blend ( 5 percent biodiesel, 95 percent heating oil), 400,000,000 gallons of heating oil could be conserved.