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2025 sees new tax laws affecting biofuel industry

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South Carolina Public Radio
Mike Switzer, host of the South Carolina Business Review

On January 1st, new tax credit laws went into effect for the biofuel industry and our next guest says it will likely reduce the number of players in that field of which his company is one. Mike Switzer interviews Joe Renwick, founder of Green Energy Biofuel in Winnsboro, S.C.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.