SOURCE: Imperium Renewables

Imperium Renewables

December 17, 2010 16:46 ET

Imperium Renewables Praises Extension of Biodiesel Tax Credit

Company Poised to Ramp Up Production and Rehire Workers in 2011

SEATTLE, WA--(Marketwire - December 17, 2010) - Imperium Renewables, a leading producer of renewable, domestic and low carbon biodiesel, praised Congress, President Obama and members of the Washington Congressional delegation for their efforts to include biodiesel tax credits in the tax bill signed by President Obama today. As a result of the modest tax credit, Imperium will be able to better compete for markets and continue to invest in its facilities in Washington state.

"Today marks a tremendous event for the U.S. biodiesel industry," said John Plaza, founder and CEO of Imperium Renewables. "With both the Senate and House including the biodiesel tax credit in the President's Tax Package, we can get back to the job of supplying our Nation with renewable fuels made in America."

"We thank U.S. Senator Maria Cantwell, U.S. Senator Patty Murray, and U.S. Congressman Norm Dicks along with many others for their tireless support of our industry, and Imperium Renewables in particular. We greatly appreciate the leadership of President Obama and his administration's efforts to ensure that these job-creating investments in the U.S. biofuels industry were part of the overall bill," Plaza added.

Imperium will continue to advocate for effective implementation of Washington state policies, including the state's renewable fuel standard, that drive job growth and economic development in Grays Harbor, contribute much needed tax revenue for the state, and reduce the nation's dependency on foreign oil.

About Imperium Renewables
Founded in 2005, Seattle-based Imperium Renewables owns and operates a production facility in Grays Harbor County with a nameplate capacity of 100 million gallons per year. It is the largest BQ-9000 certified production facility in the United States and the second largest facility overall. More information on the company is available via the website at www.imperiumrenewables.com.