Government Support

The Energy Policy Act of 2005 seeks to reduce United States dependency on foreign oil and to promote the development of alternative energy sources through special initiatives, tax incentives and research grants. The comprehensive energy legislation includes a nationwide renewable fuels standard (RFS) that will increase the use of renewable fuels to 7.6 billion gallons by 2012. 

Consumers and producers of renewable energy sources, such as biodiesel, benefit directly from this key legislation through substantial tax incentives and credits such as the renewable fuels blending tax credit, small producers tax credit as well as tax credits for infrastructure development.  This legislation in combination with rising oil costs has inspired a series of laws and mandates at the state and city level across the country such as the biodiesel mandates in New Mexico and Louisiana, as well as the Federal small producers tax credit for biodiesel production.

As a result, support for the public, government and industry to invest in and promote the use of renewable fuels has increased.  Safe Renewables is in a unique position to capitalize on this rapidly growing demand.