Articles tagged with: biodiesel tax credit
(National Biodiesel Board) Today (June 25, 2018), a diverse group of trade associations delivered a letter to Congressional leaders announcing a unified position to maintain and extend the current biodiesel blenders tax credit. In a letter to House …
(U.S. House of Representatives Committee on Energy and Commerce Subcommittee on Environment) … A number of exogenous policies have greatly impacted advanced biofuels markets and RFS (Renewable Fuel Standards) compliance. These include trade restrictions and duties …
by Jim Lane (Biofuels Digest) … We’ve organized the state of biodiesel into 10 areas of vital interest ranging from the development of markets to the entry of ancillary products and new feedstocks.
#1 Tax & Trade
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by Tom Polansek and Michael Hirtzer (Reuters) The biggest U.S. biodiesel lobbying group has dropped its nine-year push to covert a $1-per-gallon tax credit available to blenders of the biofuel into one for producers, the vice president …
(National Biodiesel Board) Congress Reaches Another Deal to Fund the Government That Fails to Reinstate the Biodiesel Tax Credit — Today, the U.S. Congress is expected to pass an omnibus spending bill to fund the government that …
by Jim Lane (Biofuels Digest) Have you ever wondered why corn farmers march for the RFS, but Wall Streeters don’t? Or why merchent oil refiners want the US Renewable Fuel Standard repealed but major oilcos generally …
by Cindy Zimmerman (Energy.AgWired.com) The National Biodiesel Board (NBB) and more than 50 member organizations are urging Congressional leaders to extend the biodiesel tax credit as soon as possible for at least 2018.
In a letter to House and Senate …
by Cindy Zimmerman (Energy.AdWired.com) The House Ways and Means Subcommittee on Tax Policy heard from representatives of the biodiesel and advanced biofuels industries Wednesday on the need for “Post Tax Reform of Recently Expired Tax Provisions” that are …
(National Biodiesel Board) Biodiesel Tax Credit Requires Reinstatement, Will Be Discussed Tomorrow in Ways and Means Committee — Today the National Biodiesel Board (NBB) and more than 50 of its member organizations sent a letter to Congressional …
by Michael McAdams (Biomass Magazine) This year is setting up to be a long year for the biofuels industry. First on the agenda is the fate of the biofuels tax extenders, including the biodiesel blenders, renewable diesel …
(National Biodiesel Board) A new analysis by the National Biodiesel Board (NBB) and the World Agricultural Economic and Environmental Services (WAEES) found that capping the price of conventional biofuels’ Renewable Identification Numbers (RINs) will significantly harm …
(The California Advanced Biofuels Alliance /Biodiesel Magazine) At the California Advanced Biofuels Conference March 1 in Sacramento, Jennifer Case, chair of California Advanced Biofuels Alliance, gave her annual address to a packed house that has evolved to …
(Wisconsin Clean Cities) The Bipartisan Budget Act of 2018, signed into law by President Trump today, included provisions to extend a host of Alternative Fuel Tax Credits. The incentives originally expired on December 31, 2016, …
by Jim Lane (Biofuels Digest) In Washington, the US Congress passed its budget deal, and among the items in the deal was a retroactive restoration of the $1 per gallon biodiesel tax credit for 2017. The …
by David Morgan (Reuters) … Just weeks after approving a sweeping tax code overhaul, the Republicans said they would examine as many as 35 “tax extender” measures to see if they should remain on the books.
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“The …
by Bruce Comer (Ocean Park Advisors/Biofuels Digest) More industry players chose to develop and build new capacity rather than buy plants — The North American biofuels industry experienced the fewest merger and acquisition transactions in recent history …
by Ron Kotrba (Biodiesel Magazine) Continued investment and expansion took place in the U.S. biodiesel sector throughout 2017, despite rising political uncertainty and a lapsed tax credit. Here is an overview of some of the activity, …
by Ron Kotrba (Biodiesel Magazine) … (B)iodiesel companies are pressing Congress to pass the $1 per gallon biodiesel tax credit, which expired more than a year ago for the fifth time in its existence. On …
by Michael McAdams (Advanced Biofuels Association/Biomass Magazine) Last year was among the most active and interesting years we’ve seen in the biofuels space. The industry has confronted multiple challenges over the past 12 months, culminating in …
(25 x ’25 REsource) As Congress ratchets up its ongoing budget battles – the continuing resolution that is currently funding the government expires Jan. 19 – clean energy advocates of all stripes must hold lawmakers to …
(North Iowa Today) Sen. Chuck Grassley of Iowa marked a series of policy and oversight accomplishments in 2017. … Grassley introduced the Food Security is National Security Act of 2017, which would give top U.S. agriculture and food officials …
(Farm Bureau News) A recently introduced bill would continue several expired tax provisions important to farmers and ranchers. Offered by Senate Finance Committee Chairman Orrin Hatch (R-Utah), the Tax Extenders Act of 2017 (S. 2256) would …
by Michael Hirtzer (Reuters) U.S. renewable fuel credits remained under pressure on Thursday as expectations mounted that lawmakers may soon renew a $1-per-gallon rebate for biodiesel blenders that could curb worries over tight supplies in the thinly-traded …
(American Coalition for Ethanol/KTIC) The American Coalition for Ethanol (ACE) CEO Brian Jennings sent a letter today (December 15, 2017) to Chairman of the Committee on Ways and Means Kevin Brady and Chairman of the Committee …
by Jim Lane (Biofuels Digest) … What are the top trends? Here are the 11 we see dominating the debate on the stage and on the floor.
Jet fuel deployment – how much, how soon, by whom? …
by Ari Natter (Bloomberg) Billions in breaks for energy sought in ‘tax extenders’ bill; Lobbyists are seeking new credits for coal, nuclear plants — Energy lobbyists, who failed to get a range of expired breaks for biofuels to …
(National Biodiesel Board) Starting today, nearly 100 members of the National Biodiesel Board (NBB) are in Washington, D.C., to participate in their biannual fly-in to the Nation’s Capital. NBB members plan to storm the Hill to …
by Jessie Stolark (Environmental and Energy Study Institute) On November 2, House leaders announced their Tax Cuts and Jobs Act (H.R. 1). Among the major proposed changes to the U.S. tax code, there are significant changes to the …
(National Biodiesel Board) Republicans Lawmakers in the U.S. House of Representatives Unveil New Tax Reform Proposal — Today the National Biodiesel Board (NBB) responded to the release of the comprehensive tax reform proposal issued by U.S. Rep. …
(PR Newswire/NATSO) On October 31, a diverse group of biodiesel producers, fuel retailers, and trucking interests sent a letter to the Senate Finance Committee and the House Ways and Means Committee in support of extending and phasing out …
by Ron Kotrba (Biodiesel Magazine) Industry stakeholders and legal experts discuss the recent RFS court ruling, the ongoing U.S. trade cases against Argentina and Indonesia, and the biodiesel tax credit in context of U.S. EPA’s Notice …
by Donnell Rehagen (National Biodiesel Board/Biodiesel Magazine) … Our big three in D.C. remain the Renewable Fuel Standard, the trade case and the biodiesel tax incentive. All three issues require a comprehensive, multifaceted approach made up of …
(U.S. Environmental Protection Agency/Federal Register) This document provides additional data and an opportunity to comment on that data and potential options for reductions in the 2018 biomass-based diesel, advanced biofuel, and total renewable fuel volumes, and/or …
(Platts/UkrAgroConsult) The US could have trouble meeting its biodiesel blending mandate as imports from Argentina and Indonesia have been cut off by duties, sources have said.
“Without Argentina this year or early next year there’s going …
(Department of Justice) Andre Bernard, of Mount Kisco, New York, pleaded guilty today for his participation in a multi-state scheme to defraud biodiesel buyers and U.S. taxpayers by fraudulently selling biodiesel credits and fraudulently claiming …
by Lauren Tyler (NGT News) NATSO, the national association representing truckstops and travel plazas, along with the Advanced Biofuels Association, National Association of Convenience Stores, Society of Independent Gasoline Marketers of America (SIGMA), Petroleum Marketers …
(Biofuels International) Members of the Iowa Renewable Fuels Association (IRFA) and Iowa Biodiesel Board (IBB) have gone to Capitol Hill in Washington to urge Iowa’s Congressional delegation to keep fighting for a reformed biodiesel tax …
by Mark Dorenkamp (Brownfield Ag News) The U.S. biodiesel industry has remained profitable this year despite the expiration of the Biodiesel Tax Credit.
Data from the University of Illinois shows a pattern of good financial years …
by Brent Erickson (Biotechnology Innovation Organization/Biofuels Digest) Members of the U.S. Senate are questioning whether Carl Icahn’s lobbying to change the Renewable Fuel Standard creates an ethics conflict with his role as advisor in the …
(NATSO, Inc./PR Newswire) NATSO, the national association representing truckstops and travel plazas, and a coalition of trade associations representing the entire biodiesel supply chain, urged Congress to extend the biodiesel blenders’ tax credit as it …
by Michael McAdams (Advanced Biofuels Association/Biomass Magazine) … I can tell you firsthand that for the first time in four years, both House and Senate staff are pushing all stakeholders to come to the table to …
(National Biodiesel Board) Grassley-Cantwell bill would modify the biodiesel tax credit to a production credit — Today the National Biodiesel Board applauded the introduction of a bipartisan biodiesel tax credit bill that would convert the …
by Scott Irwin (Farm Doc Daily/University of Illinois) Previous farmdoc daily articles (e.g. January 28, 2015; February 11, 2016; March 1, 2017) have documented a “feast or famine” pattern in production profitability of the U.S. biodiesel …
by Ron Kotrba (Biomass Magazine) U.S. imports of biomass-based diesel hit extreme heights in 2016, fulfilling a third of the consumption market, driving the domestic biodiesel industry to more actively seek counteracting measures to protect …
by Eric Janssen (Platts) The US biodiesel blenders tax credit should be taken into consideration even though the credits have lapsed because it is likely to be retroactively reinstated, according to a recent analysis from an …
by Ron Kotrba (Biodiesel Magazine) A biodiesel plant manager in Mississippi is doing his part to bring attention to the growing momentum to reinstate the expired $1-per-gallon biodiesel tax credit, and to reform the incentive …
(National Biodiesel Board) Industry Leaders Showcase biodiesel benefits with key influencers — When it comes to American biodiesel, jobs and economic opportunities are the hot tickets. In town from across the nation, biodiesel industry leaders …
by Ron Kotrba (Biodiesel Magazine) … Every drop of biofuels required by RFS to diversify the U.S. transportation fuel supply means the oil industry loses money through lost market share and its responsibilities as an obligated …
by Gene Gebolys (World Energy/Biodiesel Magazine) … Trying to make a living in biodiesel for two decades now, the hard way is about the only way it happens.
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2016 was a breakthrough year for the biodiesel industry, and …
by Anthony Hulen (Biodiesel Magazine) The U.S.’s largest biodiesel manufacturer, Ames, Iowa-based Renewable Energy Group Inc., matures from its single plant, single feedstock origins to a multifeedstock, multinational business. — … “For the petroleum and …
(Triangle Biofuels Industries, Inc.) For most, it’s hard to guess what is going to happen for biodiesel under the Trump administration. On the one hand, President Trump appears to be in favor of conventional petroleum …
by Jim Lane (Biofuels Digest) A mere “The Year in Rewind” as we sail into 2017? Not the good ship Digest! Instead, we dust off our crystal ball and offer our predictions for the year ahead.
As the …
by Joanna Schroeder (Energy.AgWired.com) At the American Seed Trade Association (ASTA) CSS & Seed Expo this week, noted agricultural economist Dan Basse with Ag Resource Company once again provided his global outlook for agriculture, which …
(National Biodiesel Board) Nearly three dozen biodiesel leaders from Kansas to Rhode Island took to the halls of Congress this week to champion America’s Advanced Biofuel.
“We have a great message to share with our elected …
(National Biodiesel Board/Biodiesel Magazine) The National Biodiesel Board sent a letter to House and Senate tax committee leaders urging extension of the biodiesel tax incentive before it expires Dec. 31. The letter was sent on behalf …
by Jim Lane (Biofuels Digest) In Missouri, the National Biodiesel Board has named Donnell Rehagen as the trade group’s chief executive. Rehagen was named interim CEO in June after serving 12 years as NBB’s chief …
by Shelby Shepherd (KWQC) An hour before Trump and Clinton battled it out in Las Vegas, Iowa’s U.S. senate candidates battled it out in the western part the state they are fighting for. Republican Sen. …
(Biotechnology Innovation Organization) BIO today (October 18, 2016) sent a letter to Congressional Leadership, the Senate Finance Committee Chairs, and the House Ways and Means Committee Chairs calling for the extension of renewable energy tax credits …
by Scott Irwin (Farm Doc Daily/University of Illinois at Urbana-Champaign) RINs prices have been making headlines in recent months, with prices at times crossing the psychologically important $1 per gallon mark. Echoing earlier complaints (farmdoc …
by Joanna Schroeder (Energy.AgWired.com) Another federal bill has been introduced to extend the biodiesel tax credit. Rep. Diane Black (R-Tenn.) has introduced the “Biodiesel and Renewable Diesel Incentive Extension Act of 2016” (H.R. 5994). The …
(NATSO/PR Newswire) NATSO, the national association representing America’s travel plazas and truckstops, today applauded Rep. Diane Black (R-Tenn.) for introducing the “Biodiesel and Renewable Diesel Incentive Extension Act of 2016,” (H.R. 5994) that would extend …
(Biofuels International) The US Senate has introduced a bill to extend the $1/gallon biodiesel tax credit through 2019 and to transform it from a blenders’ credit to a domestic production credit.
The bill mirrors a House …
(National Biodiesel Board) Nearly 100 biodiesel industry leaders are converging on Capitol Hill Tuesday to call for strong clean-fuels policy as a new study found that the industry is supporting nearly 48,000 jobs nationwide.
The study, …
by Mario Parker (Bloomberg) Biodiesel plants idled as shipments from Asia, Argentina jump; Foreign supplies cheaper or cleaner than fuel from Midwest soy — Makers of renewable fuels derived from the vast soybean fields across the …
(Biofuels Journal) It just makes sense! That’s the sentiment from the Iowa Biodiesel Board and other supporters as Iowa Governor Terry Branstad signed SF 2309 into law today, expanding state biodiesel incentives.
The bill includes a …
(Biofuels Journal/National Biodiesel Board) The National Biodiesel Board released the following statement from Vice President of Federal Affairs Anne Steckel after Reps. Kristi Noem, R-S.D., and Bill Pascrell, D-N.J., introduced legislation to extend the biodiesel tax …
by Meghan Sapp (Biofuels Digest) In Washington, the Advanced Biofuel Association has teamed with an unexpected group of lobbying partners in favor of keeping the biodiesel tax credit as a blenders credit. Partners include the National …
by Ron Kotrba (Biodiesel Magazine) The U.S. imported a record volume of biomass-based diesel in 2015. … This increase in imports is particularly interesting because 2015 was a year with no forward-looking $1-per-gallon blender’s tax …
(Biotechnology Innovation Organization/Business Wire) Today, six biofuel trade associations sent a letter to House and Senate leaders asking Congress for a multiyear extension of advanced biofuel tax credits. The Advanced Biofuels Business Council, Algae Biomass …
by Jim Lane (Biofuels Digest) … It’s been a couple of years since we visited REG and the difference is palpable. The company has become a little ADM, rather than a big Amyris or TerraVia. You …
(Stratas Advisors) The 2016 elections have raised clouds of questions for many involved in the US biofuels markets. The conflicting and inflated rhetoric surrounding biofuels and climate policy gives the impression that drastic change is …
by Laura Blewitt and Mario Parker (Bloomberg) … Biodiesel’s become so cheap in the U.S. that some refiners are being paid to use it. Midwest refiners are paying as little as 64.5 cents a gallon for the fuel …
by Jim Lane (Biofuels Digest) … So, how fast did petroleum expand production, in comparison to low-carbon renewable fuels? … One thing is clear, renewable fuels are moving fast, by comparison. From 1866 through 1899 (a year …
(High Plains/Midwest Ag Journal) U.S. consumers used a record of nearly 2.1 billion gallons of biodiesel in 2015, reducing America’s carbon emissions by at least 18.2 million metric tons, according to new EPA data released …
(National Biodiesel Board) US consumers used a record of nearly 2.1 billion gallons of biodiesel in 2015, reducing America’s carbon emissions by at least 18.2 million metric tons, according to new EPA data released …
by Erin Voegele (Ethanol Producer Magazine) In mid-December, Sen. Bernie Sanders, I-Vt., who is seeking the democratic presidential nomination, introduced legislation that aims to enact long-term extensions of several clean energy tax credits that benefit …
by Mario Parker (Bloomberg Business) … Spot biodiesel prices have jumped at least 10 percent because of moves in Washington since Nov. 30, when the Obama administration increased consumption targets for the fuel. About three weeks later, …
by Jim Lane (Biofuels Digest) In California, investors were pleasantly shocked when shares in Aemetis traded up 52% last Thursday. What exactly is happening? In a release, Aemetis credited five factors for the jump:
January 1, 2016: …
(Argus) Imported biodiesel’s share of the US on-road diesel pool is set to double in 2016 as suppliers in Argentina and elsewhere boost volumes after the US government issued clearer rules for blending tax credits …
by Mark J. Riedy and Heather L. Preston (Kilpatrick Townsend) On December 18, Congress passed and the President signed into law the “Consolidated Appropriations Act, 2016” and the “Protecting Americans from Tax Hikes (PATH) Act …
by Jim Lane (Biofuels Digest) $1 biodiesel tax credit extended through 2016, and much more.
In Washington, lawmakers in the U.S. House and Senate passed legislation for retroactive reinstatement of the $1 per gallon biodiesel mixture …
(Genscape) Now in the hands of president Obama for final sign off, the budget deal that could end the 1975 oil export ban, could also extend investment and Production Tax Credits (ITC and PTC) that …
by Rep. Krisit Noem (Argus Leader) … Today, about one-third of the petroleum used in the United States is imported from foreign countries, according to the U.S. Department of Energy. Most of this petroleum is refined …
by Jim Lane (Biofuels Digest) … “In the old days, ethanol was a political commodity,” Informa Economics Senior VP Scott Richman told the crowd assembled at the Canadian Bioeconomy Conference in Vancouver this week, organized by the …
(Advanced Biofuels Association) Today the Advanced Biofuels Association sent a letter to Senate Finance Committee leadership that expressed concern about changes to the biodiesel and renewable diesel blenders tax credit. The full letter is available below and …
(National Biodiesel Board) Critical Incentive Has Remained Expired All Year — Nearly 100 biodiesel leaders from across the country will press lawmakers on Capitol Hill Tuesday to reinstate the biodiesel tax incentive as a domestic …
by Ron Kotrba (Biodiesel Magazine) As the battle over the biodiesel tax credit structure heats up, the National Biodiesel Board sent a letter to House Ways and Means Committee Chairman Paul Ryan and Ranking Member …
(Environmental and Energy Study Institute) On October 21, the Advanced Biofuels Association, along with the Petroleum Marketers Association and other retail fuel groups, expressed opposition to changing the biodiesel and renewable diesel blenders’ tax credit. …
(Advanced Biofuels Association) During the Senate Finance Committee’s July markup, Senator Charles Grassley offered an amendment, co-sponsored by Senator Maria Cantwell, which would extend the biodiesel and renewable diesel tax credit for two years. However, …
(Reuters) The European Union is extending anti-dumping and anti-subsidy duties imposed on U.S. biodiesel imports for a further five years, until September 2020, maintaining its defence against trade in the renewable fuel source.
The bloc set …
(Avalara) … The fuel industry is subject to one of the most complex tax structures in the U.S. and there’s little chance of that changing in the foreseeable future. Federal excise taxes are relatively straightforward. But …
by Megan Sapp (Biofuels Digest) In Washington, the IRS has published a notice that informs claimants about the federal income tax treatment of credits under § 6426(c) and (d) of the Internal Revenue Code that …
by Austin DuVall (Arkansas Business) Arkansas’ biodiesel industry has failed to live up to its early promise, and Troy Hornbeck says he knows why.
Hornbeck, who with his two brothers, Jon and Jeff, founded Arkansas SoyEnergy …
by Jim Lane (Biofuels Digest) In Washington, a group of biofuel trade organizations sent a letter to Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) encouraging extension of critical advanced …
(The National Biodiesel Board/Biodiesel Magazine) … NBB recognizes the 2015 “Eye on Biodiesel” award winners this week. The honorees are:
Innovation
Tom Butcher, Brookhaven National Laboratory. Brookhaven National Laboratory is one of the premier U.S. DOE national laboratories and …
by Jim Lane (Biofuels Digest) New technologies, new markets, new research and most of the same policy challenges, as we look at the 14 top trends for 2015. …
1. Falling oil prices – what’s the …
by Janell Thomas (Farm Futures) 2014 biodiesel production drops from record levels noted in 2013; National Biodiesel Board says Renewable Fuel Standard has impact
Sluggish Renewable Fuel Volume announcements from Washington, D.C. are to blame in …
by Ron Kotrba (Biodiesel Magazine) Darling Ingredients Inc. announced that it expects to receive about $65 million from the reinstated $1 per gallon federal blenders tax credits for renewable diesel and biodiesel signed into law by President …
by Joe Jobe (Biodiesel Magazine) As we put another year in the books, I am extremely proud of how the biodiesel industry came together to respond to the adversity faced in 2014. We have certainly …
by Kevin Drawbaugh (Reuters) Dozens of temporary tax breaks, including big ones for business research, wind power and foreign profits, were renewed by the U.S. Senate late on Tuesday, putting to rest worries that further …
by Ron Kotrba (Biodiesel Magazine) Policy uncertainty has adversely impacted the U.S. biodiesel industry, but media reports would have you believe the sector is teetering on collapse. The facts show otherwise.
There have been numerous reports …
