Despite state tax credits and $6.5 million in state spending on biofuels and biodiesel support, the Raleigh News & Observer reports that North Carolina may not become “an East Coast biofuels hub” after all.



Of the seven [biofuel] projects announced over the past two years, only two are on track for construction. Three appear dead — with one sued by its investor, Richard Branson of Virgin Airlines. Two others are in limbo.


It seems the price of biofuels have been falling while the price of corn, $5.52 a bushel, is higher than it has been nearly 25 years.

Just another example of the investment savvy of our state legislators.