Dow Jones Newswires reports that some distributors of heating oil and diesel in the Northeast are selling B20 biodiesel for home heating use. The tax credit that went into effect 1 Jan allows biodiesel to be price competitive with regular home heating oil.
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.
“People see the win-win situation of having a premium product at the same price,” said Dave Schildwachter, a principal of the family owned business. “It improves the environment, because there is no sulfur in soybean; it reduces our need to import oil from the Middle East; and it helps our farmers.”