BELLINGHAM, Wash. -- Chemical Consortium Holdings Inc. announced today that Engrossed Senate Bill 6508 for a minimum renewable energy standard has passed the Washington State Senate and is now on its way to the Governor's office for signing.



This bill sets a mandate for 2 percent biodiesel use as a percent of diesel sold at the retail pump and 20 percent biodiesel use by state-operated vehicle fleets. The bill also mandates 2 percent ethanol use as a percent of gasoline sold at the retail pump. Information about the bill can be read online.



Bill supporter 13th District Rep. Janea Holmquist said, "This is truly a bill the entire state can be proud of. We're talking about new jobs, cleaner air, and more independence from oil. That's a win-win for all citizens of Washington." Holmquist has been widely recognized as a leading proponent of bio-fuels legislation in the state.



"This is a tremendous victory for the bio-fuels industry and for Rep. Holmquist as a proponent of such fuels," said J. Greig, CEO of Chemical Consortium, who has been working with Holmquist's office in support of the bill. "This bill will have far reaching effects for the farmers and citizenry of Washington. It is our hope that the state will benefit from projects such as ours to supply the high quality fuel the citizens of Washington should expect."



Chemical Consortium expects the bill will require up to 21.2 million gallons of biodiesel annually for in-state use. This is based on total Washington state consumption of diesel of which the U.S. Energy Information Administration estimated that the state of Washington consumed 775,982,000 gallons of diesel in 2004. Two percent of this consumption is 15.5 million gallons. The state biodiesel use could exceed 5.7 million gallons.



Chemical Consortium Holdings Inc. is a holding company for alternative fuel manufacturing assets. ChemCon is currently developing a biodiesel and ethanol production facility project in southwest Washington.



SOURCE: Chemical Consortium Holdings Inc. via PR Newswire.