Nebraska Governor Pete Ricketts last week signed into law a bill that will provide incentives to retailers who sell higher blends of ethanol.
Gov. Ricketts says the legislation will help to grow Nebraska agriculture and attract investment in our rural communities. “Increasing the use of ethanol saves drivers money at the pump, cleans up our environment, and creates opportunities for our farmers and ranchers.”
The legislation allows for a five-cent credit on each gallon of E15 sold and 8 cents per gallon of E25 or higher blends sold, making ethanol more affordable for retailers who are helping keep fuel prices down for its patrons. Retailers can apply to the Nebraska Department of Revenue for the credits.
Source: https://energy.agwired.com/
Tags: Biofuels, Blend, Ethanol, Nebraska
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