Study of the Use of Steel Industry Fuel on Coking Operations

摘要

Under the Energy Improvement and Extension Act of 2008 (the "Act"), a federal income tax credit was allowed for the production and sale of Steel Industry Fuel (SIF) used as a feedstock for the manufacturing of coke. The credit generally applied to SIF produced and sold during the period from October 1, 2008 to December 31, 2009. Legislation has been introduced in Congress to extend the credit. The "Act" defined SIF as a fuel that: (1) is produced through a process of liquifying coal waste sludge [tar decanter sludge (TDS) and related by-products of the cokemaking process] and is distributed on coal at a rate between two to four pints per ton (ppt) [0.25 to 0.50 gallons per ton (GPT)] of coal, and (2) is used as a feedstock for the manufacture of coke. The "Act" was passed by Congress on October 3, 2008. The credit amount specified in the "Act" is $2.00 per barrel-of-oil equivalent of SIF.