Return to Today's Publications

 

Newsletter:
Date Range (YYYY-MM-DD) -
Company, Industry or Technology:
  Search Tips


Biodiesel Tax Credit Bridge Loan Funding Available (Ind. Report)
Rock House Advisors,
Date: 2020-02-05
Jefferson City, Missouri-based Rock House Advisors and PB Renewables, LLC have announced biodiesel tax credit (BTC) bridge loan funding for biodiesel producers. The two firms note they are working with a $5.5 billion financial institution that understands the history of the BTC, and is willing to rapidly underwrite and approve BTC-backed bridge loans to biodiesel producers while the producers await the return of their 2018 and 2019 BTC refunds from the IRS, according to a release. (Source: Rockhouse Advisors, PR, EIN, 3 Feb., 2020) Contact: Rockhouse Advisors, Joe Jobe, Pres., (573) 680-1948, joe@rockhouse.us, www.rockhouse.us; PB Renewables LLC, Peter Behrle, Managing Dir., www.linkedin.com/in/peter-behrle-b8a30711

More Low-Carbon Energy News Biodiesel,  Biodiuesel Tax Credit,  


U.S. Biodiesel Tax Credit Extended Through 2022 (Reg & Leg)
Biodiesel Tax Credit
Date: 2019-12-18
In Washington, U.S. lawmakers have passed an amended a government spending bill that includes extension of the $1.00 per gallon tax credit for the biodiesel industry through 2022 and retroactively to when it expired beginning in 2018.

The credit began in 2005 as a way to help farmers, reduce petroleum imports and support the market for biodiesel.

In September, 95 U.S. biodiesel plants produced 142 million gallons of the fuel, down from 164 million gallons a year earlier, according to the Energy Information Administration. (Source: KDAL, Reuters, Various Media, 17 Dec., 2019)

More Low-Carbon Energy News Biodiese,  Biodiesel Tax Credit,  


Ag Groups Petition for Biodiesel Tax Credit Extension (Reg & Leg)
Biodiesel
Date: 2019-12-11
The Fence Post is reporting eleven farm-oriented trade associations on Friday pleaded with Congress to extend the biodiesel tax credit.

"There is broad bipartisan support for the biodiesel tax credit, and we believe that Congress can, and must, pass an immediate extension before returning home at the end of the year.

"The future of the credit has been unclear for nearly two years. Since the start of the year, producers have cut back production, investments in new technologies and facility upgrades, and purchases of raw materials.

"Now, at least 10 biodiesel plants have closed or stopped production, furloughing several hundred workers; the states impacted include Connecticut, Georgia, Indiana, Iowa, Michigan, Mississippi, Nebraska, Pennsylvania and Texas. The economic fallout impacts more than 7,500 total jobs across the U.S. economy. Without an immediate extension of the tax credit, we anticipate widespread plant closures, more production cutbacks, and significant job losses," the groups said in their appeal. (Source: The Fence Post, 9 Dec., 2019)

More Low-Carbon Energy News Biodiesel,  NBB,  Biodiesel Tax Credit ,  


NATSO Urging Biodiesel Tax Credit Extension (Opinions & Editorials)
NATSO
Date: 2019-11-08
NATSO, the trade association of America's travel plaza and truckstop industry, issued the following statement with regard to a letter sent to House Speaker Nancy Pelosi (D-CA) and Ways and Means Committee Chairman Richard Neal (D-MA), urging Democratic leadership to support extending the biodiesel tax credit and other clean energy tax extenders:

"This letter is an extraordinary showing of support for the biodiesel tax credit and other clean energy tax policies. What is especially significant is the ideological and geographic diversity of the Democrats who signed this letter. Many of them have very difficult re-election campaigns ahead of them next year. The fact that lawmakers representing places such as Oklahoma City, Upstate New York, Salt Lake City, and Southern California -- areas far from the farming Midwest -- strongly support biofuels incentives underscores the economic and environmental benefits that these clean energy tax extenders bring to their communities. NATSO is grateful to Representatives Abby Finkenauer and Kendra Horn for their continued leadership on this important issue." (Source: NATSO, PR, The Central Virginian, 6 Nov., 2019) Contact: NATSO, David Fialkov, VP Gov. Relations, Tiffany Wlazlowski Neuman, 703-739-8578, www.natso.com

More Low-Carbon Energy News NATSO,  Biodiesel,  Biodiesel Tax Credit,  


REGI Shuttering New Boston, Texas Biodiesel Plant (Ind. Report)
Renewable Energy Group
Date: 2019-07-26
Ames, Iowa-based Renewable Energy Group (REGI) reports it is mothballing its New Boston, Texas biorefinery due to challenging business conditions and continued federal policy uncertainty -- the long-lapsed federal biodiesel tax credit, the company said. The 15-million gpy biodiesel plant near Texarkana, Texas, is capable of running both high and low free fatty acid feedstocks and has truck and rail access.

REGI operates 14 biorefineries in the US and Europe. In 2018, the company produced 502 million gallons of cleaner fuel delivering over 4 million metric tons of carbon reduction. (Source: REGI, PR, 25 July, 2019) Contact: REGI, Cynthia J. Warner, President and CEO, 515-239-8000, www.regi.com

More Low-Carbon Energy News Renewable Energy Group ,  Biodiesel,  


Ag.Groups Call for Biodiesel Tax Credit Extension (Reg & Leg.)
NBB,National Biodiesel Board
Date: 2019-05-24
Thirteen trade groups representing farmers, rural lenders, crop and biobased oil producers, and biodiesel producers today wrote leaders of the House of Representatives and Senate, asking them to act on bipartisan legislation to extend the biodiesel tax incentive:

"America's farmers and rural communities are facing a mounting economic threat. With your leadership, Congress can help mitigate the crisis by taking immediate action on a policy that enjoys bipartisan, bicameral support. We are writing today to ask you to renew and extend the biodiesel tax incentive at the earliest opportunity.

"Income for America's farmers is falling, and the impact is beginning to be felt in other sectors of the rural economy. Biodiesel production adds value to oil seed crops and recycled oils, providing one bright spot for the agriculture sector. Congress can take rapid action to renew the biodiesel tax incentive -- a policy that enjoys broad bipartisan support -- to help U.S. biodiesel producers continue growing."

The letters group include the Agricultural Retailers Association, American Farm Bureau Federation, American Soybean Association, CoBank, Corn Refiners Association, Farm Credit Council, National Biodiesel Board, National Council of Farmer Cooperatives, National Farmers Union, National Oilseed Processors Association, National Renderers Association, National Sorghum Producers, and U.S. Canola Association.

A copy of the letter is available for download HERE. (Source: National Biodiesel Board , KTIC, 22 May, 2019) Contact: National Biodiesel Board, Kurt Kovarik, VP Federal Affairs, (800) 841-5849, www.biodiesel.org

More Low-Carbon Energy News Biodiesel,  National Biodiesel Board,  NBB,  


NBB Sets Biodiesel Tax Credit, Trade and RFS Priorities (INd. Report)
National Biodiesel Board
Date: 2019-01-30
With the conclusion of its recent conference in San Diego, the National Biodiesel Board (NBB) is calling for a permanent biodiesel tax credit, a resolution to a South American trade dispute and support for the Renewable Fuel Standard (RFS)

According to NBB CEO Donnell Rehagen, the U.S. came out on top regarding an anti-dumping charge against Argentina and Venezuela and are now challenging their appeal of that decision. Rehagen says their goal this year on the domestic front is convincing Congress to enact a long term biodiesel tax credit. Rehagen says they also want to work with the EPA to make improvements in the RFS that would benefit biodiesel producers and farmers. (Source: NBB, WNAX,28 Jan., 2019) Contact: National Biodiesel Board, Donnell Rehagen, CEO, Kurt Kovarik, VP Federal Affairs, (800) 841-5849, www.biodiesel.org

More Low-Carbon Energy News National Biodiesel Board ,  Biodiesel,  Biofuel,  


Biodiesel Tax Credit Still in Limbo (Reg. & Leg.)
American Soybean Association
Date: 2019-01-04
According to an American Soybean Association posting, on Dec. 20, 2018, the U.S. House of Representatives passed a package of tax provisions, including extension of the biodiesel tax credit, by a vote of 220-183. However, that tax package did not get a vote in the Senate prior to the stalemate on the remaining government funding bills that resulted in a partial government shutdown and time running out on the 115th session of Congress. A new Congress is sworn in on Jan. 3 marking the start of a new session and any legislation will have to be re-introduced in the House or Senate. Given the on-going stand-off on government funding and the border wall, it is unclear when or if pending tax issues will be addressed. ASA notes it will continue to reiterate the value and importance of the biodiesel tax credit and urge Congress to enact a long-term extension as soon as possible. (Source: American Soybean Association, 3 Jan., 2019) Contact:

More Low-Carbon Energy News American Soybean Association,  Biodiesel,  Biodiesel Tax Credit,  


NBB Supports Biodiesel Tax Credit Extension Proposal (Ind. Report)
National Biodiesel Board
Date: 2018-11-28
In Washington, Rep. Kevin Brady (R-Texas), chairman of the House Ways & Means Committee, is reported to have proposed a multi-year extension of the biodiesel tax credit at its current rate of $1.00 per gallon for 2018 through 2021 but gradually reduce it to $0.33 per gallon by 2024, and then allow it to expire

The National Biodiesel Board (NBB) welcomes Brady's proposal: "The biodiesel industry has long advocated for a long-term tax extension to provide certainty and predictably for producers and feedstock providers. Too often, the credit has been allowed to lapse and then reinstated retroactively, which does not provide the certainty businesses need to plan, invest, and create jobs. We (MBB) appreciate the recognition that the biodiesel industry is integral to our domestic energy needs through this long-term extension. We look forward to working with our supporters on Capitol Hill to ensure that consumers, producers and marketers benefit from a long-term, forward-looking pro-growth tax policy," according to NBB VP for Federal Affairs, Kurt Kovarik. (Source: National Biodiesel Board, Ohio AG, 28 Nov., 2018) Contact: NBB, Kurt Kovarik, VP Federal Affairs, (800) 841-5849, www.biodiesel.org

More Low-Carbon Energy News National Biodiesel Board,  Biodiesel,  Biodiesel Tax Credit ,  


Biodiesel Producers Support Biodiesel Tax Credit (Ind. Report)
NBB
Date: 2018-06-27
In a recent National Biodiesel Board (NBB) letter to House Speaker Paul Ryan (R-Wisconsin), Senate Majority Leader Mitch McConnell (R-Kentucky), House Democratic Leader Nancy Pelosi (D-California), Senate Minority Leader Charles Schumer (D-New York), House Ways and Means Committee Chairman Kevin Brady (R-Texas), and Senate Committee on Finance Chairman Orrin Hatch (R-Utah), the NBB wrote:

"On behalf of a diverse community of biodiesel producers, feedstock providers, blenders, fuel marketers and consumers, we are pleased to announce that we have united around a single position -- to maintain and extend the biodiesel tax credit at the blender level.

"The blenders credit has worked successfully to build a robust biodiesel and renewable diesel industry -- 100 million gallons in 2005 to nearly 2.6 billion gallons in 2017. The tax credit is an important demand stimulus, which improves plant efficiencies, encourages investment in U.S. distribution infrastructure and supports high-paying jobs throughout the country, while providing fuels that significantly reduce greenhouse gas emissions. On top of this, it has afforded customers such as the trucking industry and heating oil users fuels that are more economic and environmentally competitive.

"Extending the biodiesel blenders credit will allow us to continue to provide the economic and environmental benefits associated with the program.

"Unfortunately, the uncertainty caused by the "on-again, off-again" tempo of legislative extensions, including the Bipartisan Budget Act of 2018 which retroactively extended the biodiesel tax incentives through the end of 2017, has somewhat frustrated our sector's ability to anticipate the availability of the incentives and make the necessary investments. This severely disrupts access to capital, as well as the ability to hire and expand. Given that Congress has frequently extended the credit retroactively, market participants have come to reasonably rely on the credit being retroactively extended when undertaking business and investment decisions. Accordingly, the undersigned trade associations and companies urge Congress to restore the tax credit as soon as possible.

"To provide certainty in planning, we believe Congress should extend the full $1.00 per gallon tax credit for 2018 and 2019. Beyond that, we are seeking long-term certainty, including a permanent tax incentive at a level that will continue to foster growth in the domestic biodiesel market.

"Since the credit's inception, the market responded as Congress intended. We urge Congress to extend this successful program."

In addition to NBB, the letter was signed by the Advanced Biofuels Association, the American Trucking Associations, National Association of Convenience Stores, National Renderers Association, NATSO, Representing America's Travel Centers and Truckstops, New England Fuels Institute, Petroleum Marketers Association of America, and Society of Independent Gasoline Marketers of America. (Source: National Biodiesel Board, 25 June, , 2018) Contact: National Biodiesel Board, Kurt Kovarik, VP of Federal Affairs, 800) 841-5849, www.biodiesel.org

More Low-Carbon Energy News NBB,  Biodiesel,  Bioodiesel Tax Credit,  


NBB Calling for Biodiesel Tax Credit Extension (Ind. Report)
National Biodiesel Board
Date: 2018-03-16
Further to our December 22nd, 2017 coverage, in a letter to legislators, the National Biodiesel Board (NBB) and more than 50 of its member organizations is calling on Congress to extend the biodiesel tax credit.

"The uncertainty created by the lapse of the tax credit is curtailing investments in new plants and capital projects to maintain, improve and expand existing plants. We believe that if the tax credit is extended through at least 2018, the biodiesel industry would experience substantial growth in the near term, which would create significant new employment opportunities.

"The noise of uncertainty is detrimental to the future of the industry. We've seen biodiesel and renewable diesel production grow from 25 million gallons before the tax credit to nearly 3 billion gallons. Imagine how much farther we could be as an industry if this federal policy mechanism hadn't lapsed so many times," the letter said. (Source: National Biodiesel Board, 13 Mar., 2018) Contact: NBB, Kurt Kovarik, VP Federal Affairs, (800) 841-5849, www.biodiesel.org

More Low-Carbon Energy News National Biodiesel Board,  Biodiesel,  Biodiesel Tax Credit,  


US Increases Argentinian Biodiesel Import Duties (Reg & Leg)
U.S. Commerce Department
Date: 2018-02-26
In Washington, the U.S. Department of Commerce reports it is levying additional import duties on Argentinian and Indonesian biodiesel imports adding anti-dumping duties of 60.44 pct to 276.65 pct to existing duties on the fuels. The increase is subject to a second ruling by the U.S. International Trade Commission on April 6 on whether U.S. biodiesel producers were injured by dumped imports from the two countries. But the independent panel has already found in the subsidy cases that the imports caused such injuries.

The latest duties come just two weeks after a budget deal in the U.S. Congress reinstated a $1 per gallon biodiesel tax credit, which is expected to improve profitability for domestic producers. (Source: U.S. Commerce Department, MecoPress, 23 Feb., 2018) Contact: U.S. Department of Commerce, www.commerce.gov Department

More Low-Carbon Energy News U.S. Biodiesel,  Biodiesel Duties,  Commerce Department ,  


REGI Comments on Federal Biodiesel Mixture Excise Tax Credit for 2017 Reinstatement (Opinions, Editorials & Asides)
Renewable Energy Group, Inc
Date: 2018-02-12
In Ames, Iowa, Renewable Energy Group, Inc. (REGI) president Randy Howard released the following statement with regards to Federal Biodiesel Mixture Excise Tax Credit for 2017 Reinstatement:

"We are pleased that Congress recognized the importance of biomass-based diesel and its place in the value chain and passed a retroactive extension of the biodiesel mixture excise tax credit for 2017. This credit will allow needed infrastructure investments to grow the production and distribution of these valuable renewable products. However, we are disappointed that despite strong bi-partisan support, Congress did not complete the job and continue the biodiesel tax credit into the future. Though frustrated with the partial outcome, we would like to thank all of our supporters and champions; a large group of members worked tirelessly on our behalf and we appreciate their efforts. Specifically, we would like to thank Sen. Grassley, Sen. Cantwell and their allies for their unwavering support for our industry.

"We are pleased our supporters in Congress continue to recognize the value the biodiesel tax credit brings, like lower RIN costs, continued economic development, jobs, support of our nation’s farmers and a cleaner environment. We will continue to work alongside our elected officials and the administration on a long-term extension of the biodiesel and renewable diesel tax incentive. Doing so is not only smart energy policy, it's smart tax policy." (Source: Renewable Energy Group, Inc.,PR, Feb., 2018) Contact: REGI, Randy Howard, CEO, (703) 822-1972, Scott Hedderich Executive Director, Corporate Affairs, (515) 710-6248, Scott.hedderich@regi.com, www.regi.com

More Low-Carbon Energy News Renewable Energy Group,  ,  REGI,  Biodiesel,  


NBB, Others Calls for Biodiesel Tax Credit Reinstatement (Ind. Report)
NBB
Date: 2017-12-22
In Washington, the National Biodiesel Board (NBB), the Advanced Biofuels Association, the National Association of Truckstop Operators, the American Trucking Association, the National Association of Convenience Stores, the Society of Independent Gasoline Marketers of America and the Petroleum Marketers Association of America have sent a letter sent to Congressional leaders calling for a retroactive, multi-year extension of the biodiesel tax incentive before the end of the year.

"The signatories of this letter represent companies from all segments of the biomass-based diesel value chain, including production, blending, distribution, marketing and consumption of biodiesel, renewable diesel and renewable aviation fuels. We share the view that extending the biodiesel tax incentive is consistent with sound tax, energy and economic policy. A seamless, multi-year extension of this worthwhile tax incentive will help create jobs, reduce fuels costs, diversify the nation's energy supply and bolster domestic energy production.

"The biodiesel industry is interested in consistency and durability as it relates to the biodiesel tax credit, which we hope to see reinstated this year. This letter shows how important that credit is to a broad range of industries. Tens of thousands of U.S. jobs in manufacturing, agriculture, trucking and other industries are at risk. The clock is ticking, and we hope that Congress acts quickly to reinstate the biodiesel tax credit." (Source: National Biodiesel Board, PR, 19 Dec., 2017) Contact: National Biodiesel Board, (800) 841-5849, www.biodiesel.org

More Low-Carbon Energy News Biodiesel,  Biodiesel Tax Credit,  NBB,  


ACE Urges Cellulosic Biofuel, Biodiesel Tax Credits Extension (Opinions, Editorials and Asides)
American Coalition for Ethanol
Date: 2017-12-20
In a letter to the Chairman of the Committee on Ways and Means Kevin Brady, and Chairman of the Committee on Finance, Orrin Hatch, the American Coalition for Ethanol (ACE) called for an extension of the Cellulosic Biofuel Tax Credit and Biodiesel Tax Credit as part of the Tax Cuts and Jobs Act. Highlights from the ACE letter follow:

"Extension of these provisions is critically important and consistent with the stated purposes of the tax bill of 'growing our economy, bringing jobs back to our local communities, increasing paychecks for our workers, and making sure Americans are able to keep more of the money they earn.'"

"The nation's biofuel sector generates $184.5 billion in annual output, supports 852,000 jobs, pays $46 billion in wages, remits $14.5 billion in taxes, and saves taxpayers about $10 billion per year by reducing the need for farm program payments."

"One of the most important things the Conference Committee could do to support the existing biofuel sector and help spur its continued growth would be to extend the Cellulosic Biofuel Tax Credit and Biodiesel Tax Credit in the final bill." (Source: American Coalition for Ethanol, Dec., 2017) Contact: American Coalition for Ethanol, Brian Jennings, CEO, (605) 334-3381, https://ethanol.org

More Low-Carbon Energy News American Coalition for Ethanol,  Cellulosic,  Ethanol,  Biofuel Tax Credit ,  


Industry Groups Support Biodiesel Producer's Tax Credit (Opinions, Editorials & Asides)
Advanced Biofuels Association,
Date: 2017-11-06
The National Association for Convenience & Fuel Retailing (NACS), the Advanced Biofuels Association, American Trucking Association, National Association of Truck Stop Operators, Petroleum Marketers of America Association, the Society of Independent Gasoline Marketers Association, and several of their members last week issued a letter to the appropriate Senate and House committees urging them to reject efforts to change the biodiesel blenders' tax credit to a producers' credit.

The letter said the "biodiesel blenders' tax credit has worked successfully to build a robust biodiesel and renewable diesel industry that produced twice the volumes mandated under the Renewable Fuel Standard (RFS). Supporters of the blenders' tax credit are concerned that changing the tax credit to a producer only benefit will limit supply and lead to increase the cost of diesel fuel and heating oil."

The biodiesel blenders' tax credit expired at the end of 2016. Previously, Congress has extended the credit year-by-year as part of a "tax extenders" package, and in some years applied it retroactively, as was the case for 2016. While unlikely that this or any other tax extenders will be included in the House tax package to be released this week, the Senate may consider including the biodiesel tax credit in its tax package. However, some senators representing U.S. biodiesel producers are working to change the tax credit from a blenders' credit to a producers' credit. (Source: NACS, 2 Nov., 2017)Contact: NATSO, Lisa Mullings, Pres., CEO, David Fialkov, VP Gov. Affairs, (703) 549-2100, ; NACS, www.nacsonline.com; Advanced Biofuels Association, Michael McAdams, Pres., www.advancedbiofuelsassociation.com

More Low-Carbon Energy News Biodiesel Tax Credit,  Advanced Biofuels Association,  NACS,  


Grassley Urges Trump to "Keep Biodiesel Promise" (Ind. Report)
Renewable Energy Group
Date: 2017-10-13
Speaking earlier this week at Renewable Energy Group's (REGI) biorefinery in Newton, Iowa, Senator Chuck Grassley (R - Iowa) didn't pull his punches when he said President Trump "should keep his promise and not just protect, but grow biodiesel volumes." Grassley was joined by biodiesel producers, soybean and corn farmers and other biodiesel related industries to discuss the EPA's proposal reducing minimum volumes for biomass-based diesel for 2018 as well as further reductions to the proposed 2019 volumes that are favored by the petroleum industry.

Grassley also spoke about his American Renewable Fuel and Job Creation Act of 2017 and continuing effort to re-instate the federal biodiesel tax credit, which lapsed at the end of 2016, and reform the incentive to focus it strictly on domestically produced biodiesel. "A credit for domestic production will ensure we're incentivizing the domestic industry, rather than subsidizing imported biodiesel. We should not provide a U.S. taxpayer benefit to imported biofuels. A producer credit will do what Congress intended -- incentivize investment in U.S. biodiesel production," the Senator said. (Source: Renewable Energy Group, Inc., Globe NewsWire, 10 Oct., 2017) Contact: REGI, Brad Albin, VP Manufacturing, Anthony Hulen, Corporate Affairs, (703) 822-1972, anthony.hulen@regi.com, www.rwegi.com; Senator Chuck Grassley, 202) 224-3744, www.grassley.senate.gov/contact

More Low-Carbon Energy News Grassley,  Renewable Energy Group,  Biodiesel,  RFS,  


NATSO Applauds Biodiesel Blenders' Tax Credit Legislation (Opinions, Editorials & Asides)
NATSO
Date: 2017-07-21
NATSO, the national trade association representing truckstops and travel plazas, has commended Representatives Diane Black (R-Tenn.) and Ron Kind (D-Wisc.) for introducing bipartisan legislation that would extend the biodiesel blenders' tax credit and ultimately phase it out over five years.

"We applaud Representatives Black and Kind for introducing a measure that will enable consumers to have access to cleaner-burning fuel at the lowest possible cost.

"The five-year phaseout contained in this legislation -- which mirrors policy that has been enacted for other alternative energy sources such as wind and solar -- is designed to provide much-needed policy certainty to the market. The phaseout is also compatible with congressional efforts to reform and simplify the tax code.

"By keeping the biodiesel tax credit at the blender level, it will impose downward pressure on the retail price of fuel in all markets in the United States." (Source: NATSO, July 18, 2017) Contact: NATSO, Lisa Mullings, Pres., CEO, (703) 739-8578, www.natso.com

More Low-Carbon Energy News NATSO,  Biodiesel,  


REGI Statement on EPA's Proposed Renewable Volume Obligations (Opinions, Editorials & Asides)
Renewable Energy Group
Date: 2017-07-07
Ames, Iowa-headquartered Renewable Energy Group, Inc. (REGI) President and CEO Randy Howard issued the following statement regarding the U.S, EPA's release of the proposed Renewable Volume Obligations (RVO) for 2018 Conventional and Advanced Biofuel and 2019 Biomass-Based Diesel: "This proposal offers REGI and the American biomass-based diesel industry the opportunity to prove once again how we exceed expectations and we fully embrace that opportunity. The RVO is only one tool that aids biomass-based diesel growth and it is our job to convince policymakers that it should not restrain growth of American-made renewable fuel.

"We remain confident in a positive outcome in the trade complaint against unfairly subsidized imported biodiesel from Argentina and Indonesia, and are just as confident that U.S. production can make up for any lost import volumes. And finally, there is momentum to reinstate and reform the federal biodiesel tax incentive to focus it on domestically produced fuel. So, we look forward to additional meetings with the Administration in the coming weeks to show how an industry that is only running at about 65 percent capacity, has ample feedstock supply, and is helping fill growing diesel demand can help President Trump reaffirm his commitment to growing the supply of all American made fuels." (Source: REGI, PR, 5 July, 2017) Contact: REGI, Randy Howard, CEO, Pres, Anthony Hulen, Executive Director, Corporate Affairs, (703) 822-1972, anthony.hulen@regi.com, www.regi.com

More Low-Carbon Energy News Biodiesel,  Biodiesel Tax IncentiveRenewable Energy Group,  


NATSO Calls for Extension, Phase Out of Biodiesel Tax Credit (Opinions, Editorials & Asides)
NARSO
Date: 2017-05-10
NATSO, the national association representing truckstops and travel plazas, as well as a coalition of trade associations representing the entire biodiesel supply chain, has urged Congress to extend the biodiesel blenders' $1 per gallon tax credit as it considers tax reform legislation and to ultimately phase it out. This tax credit expired at the end of 2016. Extending and phasing out the biodiesel blenders' tax credit is needed to provide blenders, producers and consumers with necessary certainty to realize the environmental and cost benefits that the credit was designed to accomplish, according to NATSO.

In letters to members of the Senate Finance Committee and the House Ways and Means Committee, NATSO urged lawmakers to refrain from changing the existing biodiesel tax credit structure, arguing that the biodiesel tax credit is helping to displace traditional petroleum-based fuel with a cleaner-burning substitute.

Recently, there has been a coordinated effort by a group of lawmakers representing states where biodiesel is produced and where its feedstock is grown to convert the biodiesel blenders' tax credit to a producer's credit which would drive up biodiesel prices and ultimately impede U.S. efforts to advance the utilization of cleaner-burning fuels, according to NATSO. (Source: NATSO, NGT, 9 May, 2017) Contact: NATSO, Lisa Mullings, Pres., CEO, David Fialkov, VP Gov. Affairs, (703) 549-2100, www.natso.com

More Low-Carbon Energy News Biodiesel Blend,  Biodiesel,  NATSO,  Biodiesel Tax Credit,  


Iowa Senator Reintroduces Biodiesel Tax Credit Bill (Reg & Leg)

Date: 2017-04-28
On Wednesday, Iowa Senator Chuck Grassley (R) reintroduced a biodiesel tax credit bill that changes the tax incentive from a blenders credit to a producer's credit. The legislation will also dent foreign biodiesel producers access to the U.S. credit.

Grassley's legislation comes on the heels of the U.S. biodiesel industry challenging Argentina and Indonesia for flooding the U.S. market with their biodiesel. (Source: WNAX, 26 April, 2017) Contact: Senator Chuck Grassley, 202) 224-3744, www.grassley.senate.gov/contact

More Low-Carbon Energy News Biodiesel,  Biodiesel Tax,  

Showing 1 to 21 of 21.