The Boston Globe reports this morning "New Push for Renewable Energy" that Massachusetts is promoting the use of biofuels as a way of cut our dependence on oil.
Massachusetts is the first state in the nation to propose this type of incentive to support renewable fuels.
All heating oil and diesel fuel would be required to contain 2% biofuel by 2010 and 5% by 2013.
They are also proposing to cut state sales tax on all gasoline that contains ethanol produced by plants other than corn. This is supportive of a number of companies in the Massachusetts area who are selling technology for producing ethanol from wood chips, algae and switch grass.
One of the companies that would benefit from this initiative would be Mascoma Corp.