Manufacturing Industry
U.S. rep. John Dingell introduces clean-diesel incentives bill
Diesel Fuel News, June 9, 2003
As promised last year, (see Diesel Fuel News 6/10/02, p1) the congressman known as "Mr. Auto Industry" has now introduced a bill to require a 10-ppm (rather than 15-ppm) sulfur limit on ULSD, a 55-cetane minimum, a 15% aromatics cap and a lubricity spec of 400-microns via HFRR, by 2010. Refiners could get a 6 cents/gallon credit for making such ULSD prior to 2007, and get one-time 75% depreciation for the expected hydrotreating expenses.
From 2005 until end2010, car buyers could get tax credits of $1,500 to $3,000 for buying clean-diesels (Tier 2/Bin 5 cars, Tier 2/Bin 8 light-trucks) getting at least 25% better fuel economy than 2002 vehicles.
COPYRIGHT 2003 Hart Energy Publishing, LP.
COPYRIGHT 2008 Gale, Cengage Learning
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