By Paul Ausick of 24/7 Wall St.
Until December 31, 2009, biodiesel makers enjoyed a tax credit of $1/gallon on alternative diesel fuel made either from feedstock such as soybeans or camellina or from waste such as yellow grease and animal fats. The credit for biodiesel fuel was approved by Congress for a two-year period beginning in 2004 and extended twice before being allowed to expire last week.
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