U.S. Biodiesel Profitable Despite Expired Tax Credit
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 tied closely to the $1 dollar per-gallon credit.
National Biodiesel Board (NBB) vice president of federal affairs Anne Steckel says a combination of factors may explain why 2017 has been an outlier.
“We have a tax incentive that’s been off and on. We have a RIN credit that you can get through the RFS. So depending on what the RFS volumes are and what time of the year it is will certainly influence pricing in how much the RIN’s go for. So it’s a complex market that we operate in.” READ MORE