National Biodiesel Board (NBB) CEO Donnell Rehagen met with members of the media at the National Biodiesel Conference after his state of the industry address on Tuesday. Many of the questions dealt with the biodiesel tax credit extension and when it will provide some relief for the industry.
“Producers should be working on it as we speak to get those forms into the IRS,” said Rehagen. “Our understanding is 60 to 90 days they should be seeing refund checks. So hopefully that will start putting them back in a good position to make forward looking decisions.”
Rehagen also talked about the new biodiesel industry vision and working on increasing biodiesel’s space in the Renewable Fuel Standard (RFS).NBB2020 NBB CEO Donnell Rehagen press gaggle (14:23)