Biodiesel firms applaud tax credits in energy bill

When President Bush signed the 2005 energy bill on Aug. 8, two Northern Colorado companies cheered for the opportunities the bill could bring for them.

Blue Sun Biodiesel LLC of Fort Collins and Rocky Mountain Biodiesel Industries Inc. of Berthoud are both producing and selling biodiesel, and hope the signing of the bill will help the industry?s momentum.

Among the Energy Bill?s benefits for biodiesel producers is extension of a federal excise tax credit, which is worth up to $1 a gallon for pure biodiesel. Blended biodiesel ? a mixture of biodiesel oils with petroleum diesel fuel ? would earn a…