Friday, June 30, 2006

Another Biodisel/Ethanol plant?

Huntington, IN may see a new biodisel and ethanol plant soon. NuFuels officials have estimated a plant could create 75 to 100 jobs is trying to get Huntington County to approve their plan for the plant. A group took a bus to a plant to Palestine, Illinois to see first hand an ethanol plant.

Over the past three months, I have read about no less then five new proposed ethanol plants for Indiana. Obviously companies, groups and individuals support them. Fledgling ventures may need some tax credits and incentives to get going, but obviously with all the interest in Biodisel and Ethanol there appears to be no shortage of investors. It is time for the Federal Government to eliminate the tax credit of 51 cents for each gallon of ethanol. It is time for these plants to sink or swim on their own without taxpayer bailout or subsidies.

If they are truly economically viable they will compete and survive just fine in the energy market, if not they will fail and close.

1 Comments:

At 4:45 PM, Anonymous Anonymous said...

I agree 100%. Let's invest the subsidy in a more strategic alternative - namely Wind and Solar power!

 

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