[Congressional Record Volume 157, Number 23 (Monday, February 14, 2011)]
[Extensions of Remarks]
[Page E222]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 INTRODUCING LEGISLATION TO AMEND THE INTERNAL REVENUE CODE OF 1986 TO 
         MODIFY THE INCENTIVES FOR THE PRODUCTION OF BIODIESEL

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                          HON. MAZIE K. HIRONO

                               of hawaii

                    in the house of representatives

                       Monday, February 14, 2011

  Ms. HIRONO. Mr. Speaker, I rise today to introduce legislation that 
extends to the end of 2016 the $1.00 per gallon biodiesel tax credit 
and the additional $0.10 per gallon tax credit to small agri-biodiesel 
producers. Extending the biodiesel tax credit for another five years 
will provide the certainty and stability in the marketplace that is 
needed to encourage companies to invest in the development and 
production of biodiesel.
  Companies throughout the United States have emerged as pioneers in 
this growing renewable energy sector. The founder of Hawaii's Pacific 
Biodiesel observed that large quantities of used cooking oil were going 
directly to a local landfill and proposed converting this restaurant 
waste into biodiesel in order to fuel the landfill's generators. This 
is but one example of how an innovative idea can turn a problem into a 
solution. By producing a more sustainable and environmentally friendly 
fuel, companies like this one have helped Hawaii--the most oil-
dependent state in the country--become more energy self-sufficient. In 
addition, producers like these not only diversify our domestic energy 
portfolio but also boost our local economies by creating jobs for 
biodiesel production and distribution as well as for feedstock farming 
and collection.
  President Obama noted in his recent State of the Union speech that he 
supports incentives to invest in and develop the biofuels industry in 
order to break our country's dependence on oil. This legislation takes 
us a step forward to achieving that goal.

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