Northeast Missouri Congressman Kenny Hulshof is optimistic his push for tax breaks to produce more biodiesel will sell well in Washington. Hulshof is pushing a proposal that largely mirrors the tax incentives that have helped give rise to the ethanol industry. Biodiesel blends 20-percent soybean oil with diesel. It is touted as a formula that pollutes less, reduces dependence on foreign oil and helps farmers. Though many members of Congress have expressed interest, Hulshof isn’t taking anything for granted. Supporters estimate production of 200-Million gallons of biodiesel a year would add 17-cents to the price of a bushel of soybeans.
