Gov. Terry Branstad traveled to the POET Bio-refining
facility in Coon Rapids Wednesday to sign legislation into law that promotes
the development of bio-butanol and bio-butanol blended gasoline.
Senate File 2344 also modifies the rate of the E-15
promotion tax credit and extends provisions for the biodiesel production
refund. Backers say the bill will strengthen and diversify Iowa’s
leadership position in the area of biofuels.
“Iowa is a biofuels leader in this country and having states
step to the plate with legislation supporting America’s Advanced Biofuel,
biodiesel, is a win for our industry,” said Steven J. Levy, chairman of the
National Biodiesel Board. “Our champions in Iowa have shown that hard work to
grow this still-young industry pays off.”
