(U.S. Energy Information Administration/Biobased Diesel Daily) In January 2023, U.S. production capacity of renewable diesel and other biofuels reached 3 billion gallons per year, surpassing U.S. biodiesel production capacity for the first time. Rising targets for state and federal renewable fuel programs
renewable diesel tax credit
Back TO HOMEDebt Ceiling Debate Draws in Biofuels
by Chris Clayton (DTN Progressive Farmer) Debt-Limit Bill Would Repeal Biofuel and Renewable Energy Tax Credits --The federal debt-limit bill dropped Wednesday by House Speaker Kevin McCarthy would repeal several tax credits for the biofuels industry, including tax credits for
April 21, 2023 Read Full Article
Renewable Diesel Production 'Booming' as National Availability Remains in Question
by Tom Quimby (Commercial Carrier Journal) Market forecast reports are indicating a large uptick in renewable diesel production in the U.S. as most of low-carbon fuel continues to be confined to California. The Department of Energy reported that renewable diesel production could
April 19, 2023 Read Full Article
Domestic Renewable Diesel Capacity Could More than Double through 2025
by Jimmy Troderman and Estella Shi (U.S. Energy Information Administration) U.S. production capacity for renewable diesel could more than double from current levels by the end of 2025, based on several announcements for projects that are either under construction or could start
February 02, 2023 Read Full Article
Biodiesel Magazine Podcast: Landmark Inflation Reduction Act: Biodiesel, Renewable Diesel and SAF
(Biodiesel Magazine) This week's Biodiesel Magazine podcast features, Paul Winters, Director of Public Affairs and Federal Communications, Clean Fuels Alliance America Interview by Anna Simet, editor of Biomass Magazine. READ MORE Biomass Magazine's Podcast Series: The Landmark Inflation Reduction Act: Biomass-based
August 29, 2022 Read Full Article
Biden Signs New SAF, Hydrogen, Clean Fuel Tax Credits into Law
by Erin Voegele (Ethanol Producer Magazine) President Joe Biden on Aug. 16 signed the Inflation Reduction Act into law, calling the legislation the “biggest step forward in climate—ever” and stressing it will allow the U.S. to boldly take addition steps towards
August 17, 2022 Read Full Article
Manchin, Schumer Cut Deal on Climate Spending, Including Farm Bill Funds
by Philip Brasher (Agri-Pulse) Senate Majority Leader Chuck Schumer announced an agreement with Sen. Joe Manchin on a narrow reconciliation bill that would provide $369 billion in climate-related provisions, including more than $20 billion for farm bill conservation assistance and additional incentives
July 28, 2022 Read Full Article
Groups Send Letter to Congress Highlighting Oilheat Industry Policy Priorities
by Ron Kotrba (Biobased Diesel Daily) A number of organizations, including state energy associations and Clean Fuels Alliance America, sent a letter to federal policymakers May 12 highlighting several policy priorities for the heating oil industry. The industry is pursuing goals for
May 17, 2022 Read Full Article
Behind the Hot Year for Biofuels M&A: 2021 Review and Outlook
by Bruce Comer, Frank Kim and Zak Putlak (Ocean Park/Biofuels Digest) As ethanol producers pursued mergers and acquisitions, and renewable diesel firms built and expanded plants, the biofuels industry increasingly focused on securing feedstocks. Producers seeking to consolidate, optimize or sell
February 11, 2022 Read Full Article
Animal, Vegetable or Mineral (Oil)? Exploring the Potential Impacts of New Renewable Diesel Capacity on Oil and Fat Markets in the United States
by Chris Malins and Cato Sandford (International Council on Clean Transportation) This report provides an overview of the U.S. renewable diesel market and explores the potential market and environmental impacts of increased renewable diesel capacity. The United States currently supports renewable diesel
January 19, 2022 Read Full Article
Ambitious 'Biofuel America' Plan Faces Overhaul in 2022
by Chuck Abbott (Successful Farming) During the ethanol boom of the early 2000s, Congress set an ambitious target of quadrupling the amount of renewable fuel mixed into gasoline for America’s cars and pickup trucks. But while corn ethanol has lived up
December 20, 2021 Read Full Article
NBB Releases Study on Benefits of the Biodiesel Tax Incentive
(National Biodiesel Board) Economic and environmental benefits exceed $6 per gallon of biodiesel -- The National Biodiesel Board (NBB) welcomed the release of a new report, "The Economic Benefits of the Biodiesel Blenders' Credit," from Capital Policy Analytics. The report calculates
December 17, 2021 Read Full Article
Trucking, Airlines Divided over Biofuel Tax Incentives that Could Bolster Feedstock Demand
by Philip Brasher (Agri-Pulse) The biofuel tax incentives in President Joe Biden’s Build Back Better bill could insure a growing market for soybean oil and other farm commodities, but the trucking industry worries the subsidies will kick off a war
December 09, 2021 Read Full Article
CHS : Growing a Renewable Diesel Revolution
(Market Screener) As the United States focuses on tackling climate change, the energy market is seen as a key part of the solution. While federal policy and funding is focused on electric vehicles, a quieter potential answer is emerging: the growing
December 09, 2021 Read Full Article
Carbon Zero One: The Digest’s Multi-Slide Guide to Aemetis
by Jim Lane (Biofuels Digest) Aemetis has transitioned a set of first-generation biofuels assets into an advanced, integrated energy platform for fuels, feed, power, heat and more — branching from ethanol and biodiesel into high-value protein, RNG and jet fuel
November 10, 2021 Read Full Article
Heard on the Floor at ABLC 2021 – October 28
by Jim Lane (Biofuels Digest) ABLC 2021 continues today with its theme of ““building a bridge to Net Zero” after a flurry of announcements buzzed around the floor yesterday, as the 560 delegates grappled with the immense opportunities and supply chain
October 30, 2021 Read Full Article
Klobuchar, Colleagues Urge Schumer, Pelosi to Support Homegrown Renewable Fuels in Reconciliation Package
(Office of Amy Klobuchar (D-MN)) U.S. Senators Amy Klobuchar (D-MN), Tammy Duckworth (D-IL), Tammy Baldwin (D-WI), Tina Smith (D-MN), and Dick Durbin (D-IL) and Representatives Cindy Axne (D-IA), Angie Craig (D-MN), Cheri Bustos (D-IL), and Mark Pocan (D-WI) sent a letter
September 03, 2021 Read Full Article
The Oil Industry’s Bright Green Energy Future
by Mike Newman (Parhelion Underwriting) The Oil industry is under pressure on many fronts in the climate change era and faces an existential threat from alternative, renewable sources of energy – but the industry is also best-positioned to win the
September 01, 2021 Read Full Article
Valadao Helps Introduce Bill to Extend Federal Tax Credits on Biodiesel, Renewable Fuels
by John Cox (Bakersfield.com) Legislation introduced Tuesday by congressmen including Rep. David Valadao, R-Hanford, would extend federal tax credits supporting the production of biodiesel and other renewable fuels seen as key to Kern's economic diversification push. The bill, dubbed the Biodiesel,
May 20, 2021 Read Full Article
How Biofuels Giant Neste Transforms America’s French Fry Grease into Clean Diesel
by Christopher Helman (Forbes) ... “Nobody wants to send that material down the drain,” says Rick Sabol, president of the Mahoney division. And not just because fat globules can clog up sewer systems — but because that grease is valuable —
April 23, 2021 Read Full Article
50 Renewable Diesel Projects and the Technologies Behind Them
by Jim Lane (Biofuels Digest) Renewable diesel, all 9 billion gallons built, under construction, in planning - Take a deep dive into the latest hot renewable diesel news and a special Digest presentation that asks will all of these billions of
February 09, 2021 Read Full Article
A Muted Year for Biofuels M&A Activity: 2020 Review and Outlook
by Bruce Comer and Frank Kim (Ocean Park Advisors/Biofuels Digest) COVID-19 further plagues the already challenged North American biofuels M&A market, while capital investments thrive. -- Biofuels merger and acquisition (M&A) activity in North America remained sluggish in 2020. For
January 21, 2021 Read Full Article
Renewable Diesel's Rising Tide
by Tom Bryan (Biodiesel Magazine) An update on U.S. renewable diesel projects—operational, expanding, under construction and proposed—giving new purpose to aging oil refineries. The report represents a transformative volume of nearly 5.5 billion gallons of new or potential capacity. The appeal
January 19, 2021 Read Full Article
Climate Crisis Staff Report Aims to Build Back a Cleaner, More Resilient Aviation Sector
by Jeff Overton (Environmental and Energy Study Institute) On June 30, the House Select Committee on the Climate Crisis released its staff report, Solving the Climate Crisis: The Congressional Action Plan for a Clean Energy Economy and a Healthy, Resilient, and Just
August 05, 2020 Read Full Article
Where’s Biodiesel At? Fuel Specs, Legislative Impacts, Fleet Support and more: The Digest’s 2020 Multi-Slide Guide to the National Biodiesel Board’s Biodiesel Industry – Part 3
by Jim Lane (Biofuels Digest) Check out Part 3 of the National Biodiesel Board’s slide guide that delves into ASTM fuel specifications for biodiesel and fuel quality, biodiesel standards like BQ-9000, legislative updates impacting biodiesel demand and state policies, latest
March 27, 2020 Read Full Article
Biodiesel Plant Reopens Thanks to Biodiesel Blenders Tax Credit
by Marjorie Kulba (Farm Journal's Ag Pro) An Iowa biodiesel plant is reopening after it shut down late last year. The Western Dubuque Biodiesel plant in Farley, Iowa started up production at the plant last week after shutting down for most of December
January 29, 2020 Read Full Article
IRS Publishes Guidance on Claiming 2018-’19 Biodiesel Tax Credit
by Ron Kotrba (Biodiesel Magazine) The Internal Revenue Service published guidance Jan. 15 for companies seeking to claim the biodiesel and renewable diesel tax credit for 2018 and 2019. The $1 per gallon tax credit expired Jan. 1, 2018, and remained expired until Dec.
January 22, 2020 Read Full Article
Heard on the Floor: Alleluias and Vision 2020 at the National Biodiesel Conference
by Jim Lane (Biofuels Digest) ... They have been three years in the valley of the shadow of Death, and have emerged on the other side with huge wins in recent weeks on tax credits, progress on Argentine and China
January 22, 2020 Read Full Article
The Bioeconomy Christmas: Uncle Sam puts $12B+ for Biomass-Based Diesel, Action on Biointermediates, Cellulosics, and Small Refinery Waivers into the Stocking This Year
by Jim Lane (Biofuels Digest) This week, Congressional leaders announced a five-year extension of the biomass-based diesel tax credit as part of a year-end tax extenders package. As Christmas gifts go, the importance and value of this to the biomass-based diesel
December 20, 2019 Read Full Article
Spending Bills Sent to Senate ... Included in the Deal Is a Year-End Compromise on Tax Extenders
by Kelsey Tamborrino (Politico's Morning Energy) ON TO THE SENATE: The House passed the $1.4 trillion spending deal on Tuesday that would give federal agencies $49 billion in extra cash this fiscal year and avert a government shutdown ahead of
December 18, 2019 Read Full Article
NBB Tells EPA, Stop Damaging the Biodiesel Industry
by Donnell Rehagen (National Biodiesel Board/Biofuels Digest) This year has been brutal for the biodiesel industry. As if the absence of the biodiesel tax credit wasn’t enough of a challenge, these unjust retroactive small refinery waivers are destroying the biodiesel market
July 11, 2019 Read Full Article
Bill Aims to Extend Biofuel, Bioenergy Tax Credits through 2020
by Erin Voegele (Biomass Magazine) Rep. Mike Thompson, D-Calif., chairman of the House Ways and Means Subcommittee on Select Revenue Measures, introduced the Taxpayer Certainty and Disaster Tax Relief Act of 2019 on June 18. The bill extends several biofuel- and
July 02, 2019 Read Full Article
Proposed Legislation Would Extend Biodiesel Tax Incentive
by Cindy Zimmerman (Energy.AgWired.com) House Ways and Means Select Revenue Measures Subcommittee Chairman Mike Thompson (D-CA) has introduced legislation to extend expired tax incentives, including the biodiesel tax incentive, which is scheduled for mark up Thursday June 20. The proposal would
June 19, 2019 Read Full Article
REG to Sell Life Sciences Unit, Confident BTC Will Be Reinstated
(Renewable Energy Group/Biodiesel Magazine) ... “REG generated $139 million of adjusted EBITDA in 2018, an outstanding result reflecting strong operational performance and a favorable margin environment,” said Cynthia (CJ) Warner, REG president and CEO. “In addition, we remain confident that Congress
March 06, 2019 Read Full Article
Grassley, Wyden Introduce Tax Extenders Bill
by Erin Voegele (Biomass Magazine) On Feb. 28, Senate Finance Committee Chairman Chuck Grassley, R-Iowa, and Ranking Member Ron Wyden, D-Ore., introduced legislation to extend 29 tax credits, including those that benefit producers of renewable diesel, second generation biofuels and bioenergy. According
March 01, 2019 Read Full Article
Biofuels Are Key to Reducing Carbon Dioxide Emissions
by Arlin E. Gyberg (StarTribune) The biofuels industry over the last 30 years has produced more product using less energy and water and contributes far less carbon-dioxide emissions than petroleum fuels. -- Across Minnesota, about 25 ethanol and biodiesel plants generate about
February 19, 2019 Read Full Article
NBB Appreciates Proposal for Long-Term Extension of the Biodiesel Tax Incentive
(National Biodiesel Board) Ways & Means Chairman Kevin Brady’s (R-TX) tax proposal includes a multi-year extension and phaseout of the biodiesel incentive -- ... Rep. Kevin Brady (R-Texas), chairman of the House Ways & Means Committee, released a proposal to make technical
December 07, 2018 Read Full Article
C.J.’s Back and REGI’s Got Her: Warner Tapped as New Renewable Energy Group CEO
by Jim Lane (Biofuels Digest) In Iowa, white smoke has emerged from the REGI conclave: Tesoro EVP and former Sapphire Energy CEO C.J. Warner has been named chief exec of Renewable Energy Group, at a pivotal moment for biodiesel in Washington and
December 07, 2018 Read Full Article
GOP Chairman Releases Year-End Tax Package
by Naomi Jagoda (The Hill) ... The bill would ... phase out tax breaks for biodiesel and renewable diesel, and extend a number of other expired tax provisions through the end of 2018 — including tax breaks that benefit the
November 27, 2018 Read Full Article
60 Organizations Sign Tax Extenders Letter to Congress
by Ron Kotrba (Biodiesel Magazine) A group of 60 organizations representing diverse business, energy, transportation, real estate and agriculture sectors has sent a letter to leaders in the U.S. House of Representatives and Senate on the “pressing need” to address the
November 14, 2018 Read Full Article
Midterm Elections, RVO Decisions, and Lame Duck Tax Relief
by Michael McAdams (Advanced Biofuels Association) ... When testifying recently before the Senate Environment and Public Works Committee, the acting administrator was judicious in answering questions about EPA’s small refinery exemptions (SREs). He has publicly stated that there should be more
September 21, 2018 Read Full Article
NBB, ASA Ask President Trump to Support Biodiesel Producers, Soy Farmers
(National Biodiesel Board) Allowing year-round use of E15 is a positive step for ethanol, but doesn’t support biodiesel -- Today, the National Biodiesel Board (NBB) and the American Soybean Association (ASA) wrote President Donald Trump asking that he “provide additional help to
September 21, 2018 Read Full Article
Advanced Biofuels under the Renewable Fuel Standard: Current Status and Future Prospects
(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 now imposed on certain imported
June 22, 2018 Read Full Article
Biodiesel and 2nd Gen Biofuels Need Stable Tax Policy
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 helping move the nation toward
March 15, 2018 Read Full Article
Long Road for Biofuels Industry
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 credit, second-generation and alternative fuels
March 09, 2018 Read Full Article
Alternative Fuel Tax Credits Extended
(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, but were retroactively extended through
February 10, 2018 Read Full Article
2017 Wrap-Up: Maintaining the Status Quo
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 meetings between senators supportive of
January 05, 2018 Read Full Article
NBB Responds to House Republican Comprehensive Tax Reform Proposal
(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. Kevin Brady (R-Texas): “NBB members across
November 02, 2017 Read Full Article
IBB and IRFA Go to Capitol Hill
(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 incentive. The two biodiesel bodies claim
June 29, 2017 Read Full Article
US Biodiesel Blenders Tax Credit Should Be Considered Despite Lapse: Expert
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 agricultural economist. Sharing agreements of the
April 04, 2017 Read Full Article
National Biodiesel Board Taps Donnell Rehagen as New CEO
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 operating officer. ... It’s dead obvious, as
November 02, 2016 Read Full Article
Judge and Grassley Face off in Iowa U.S. Senate Debate
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. Chuck Grassley has held his
October 21, 2016 Read Full Article
BIO Asks Congress to Extend Critical Bioenergy Tax Credits During Lame-Duck
(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 slated to expire at the
October 19, 2016 Read Full Article
Biofuel Trade Associations Ask Congressional Leaders to Extend Advanced Biofuel Incentives
(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 Organization, Biotechnology Innovation Organization (BIO),
April 05, 2016 Read Full Article
Olden Days, Golden Days, and Golden Gripes
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 when negative attention on the
January 28, 2016 Read Full Article
Biodiesel Production Rises in 2015 as Consumers Seek Cleaner Fuels
(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 as the industry kicks off
January 25, 2016 Read Full Article
Pushmi-Pullyu: How Do Carbon Prices and Fuel Mandates Work Together in Breaking through a Fossil Fuel Monopoly? Or, Do They?
by Jim Lane (Biofuels Digest) Sometimes, the set-up of the transition from fossil fuels is as pretty and impractical as Dr. Doolittle’s Pushmi-Pullyu. The Digest investigates. -- ... For example, a renewable fuel does not qualify under the Renewable Fuel Standard
January 12, 2016 Read Full Article
Bill Aims for Long-Term Extension of Renewable Energy Tax Credits
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 the bioenergy and biofuel sectors. The
January 11, 2016 Read Full Article
Omnibus Funding and Tax Extenders Legislation Includes Important Extensions for Renewable Energy Projects
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 of 2015,” funding the government
December 23, 2015 Read Full Article
Lifting the U.S. Crude Export Ban: Impact on Oil, Biofuels, Wind & Solar & the Evolution of the U.S. Energy Landscape
(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 support wind and solar energy. The
December 18, 2015 Read Full Article
California Is Smiling On Renewable Diesel HPR Fuel
by Jeff Cobb (Hybrid Cars) ... More than a pilot project, last month’s launch of 18 stations for the diesel alternative is being propped by a few laws including California’s Low Carbon Fuel standard described by Allen Schaeffer, Executive Director of
April 30, 2015 Read Full Article
Canadian Biodiesel Exports Put Mandate into Question
by Sean Pratt (The Western Producer) Hardly any of Canada’s biodiesel mandate is being filled by domestically produced product. “Last year we exported 100 percent of our production and then imported the equivalent to meet our mandate,” said Scott Thurlow,
April 29, 2014 Read Full Article
National Biodiesel Day Celebrates Growth in America's Advanced Biofuel
(National Biodiesel Board) Biodiesel Offers Renewable Alternative to Fuel Economy You wouldn’t be reading this if it weren’t for diesel power. Diesel engines are responsible for moving the majority of goods, including electronics, from manufacturer to consumer. And more than ever
March 18, 2014 Read Full Article
House Tax Proposal Would Alter Biofuel, Bioenergy Tax Credits
by Erin Voegele (Ethanol Producer Magazine) On Feb. 26, House Ways and Means Committee Chairman David Camp, R-Mich., released draft legislation to reform federal tax code. The draft, titled the “Tax Reform Act of 2014,” would alter, and in some
February 28, 2014 Read Full Article
Boeing Seeks Approval for Green Diesel as New Aviation Biofuel
by Stephen Trimble (FlightGlobal) Boeing will seek approval by the end of this year to clear a green diesel blend as an alternative to Jet-A for turbine-powered aircraft. If approved, Boeing believes this emerging source of renewable fuel can kick-start the
January 15, 2014 Read Full Article
Stakeholders Urge Congress to Extend Biofuel Tax Policies
by Anna Simet (Biomass Magazine) Tax provisions critical to the biofuel and biopower industries are set to expire at the end of the month—including the federal renewable energy production tax credit and cellulosic biofuel producer , biodiesel and renewable diesel