The National Biodiesel Board (NBB) today released a new report on the “Importance of the Biodiesel Tax Credit” that highlights how uncertainty regarding extension of the biodiesel tax credit significantly increases business risks for biodiesel producers. The report was written by John Urbanchuk, managing partner of ABF Economics. “The current uncertainty surrounding reinstatement and retroactivity of the tax credit is …
Democrat Reps Urge Extension of Biofuels Tax Incentive
Rep. Abby Finkenauer (D-IA) and Rep. Kendra Horn (D-OK) spearheaded a Democratic caucus letter to House leadership this week urging action on extension of the biodiesel tax credit. Specifically, the lawmakers are asking for extensions of the biodiesel, alternative fuel vehicle refueling property, and second generation biofuel producer tax credits. “The biodiesel tax credit has become vital to Iowa’s economy …
Biofuels Groups Express Concerns at EPA Hearing
Representatives from multiple ethanol and biodiesel stakeholder organizations and companies delivered basically the same message to the Environmental Protection Agency during a hearing Wednesday on the proposal to make up for volumes lost under the Renewable Fuel Standard due to small refinery waivers – nice try, but you still need to follow the law. Iowa Secretary of Agriculture Mike Naig …
EPA Hearing in Michigan Today
Ethanol and biodiesel producers and industry representatives are back in Ypsilanti, Michigan for the second time in three months to provide comments on an Environmental Protection Agency (EPA) Renewable Fuel Standard (RFS) proposed rule. On July 31, it was the rule to set 2020 renewable volume obligations (RVOs) and the 2021 RVO for biomass-based diesel, where the majority of comments …
Biofuels Industry Testifies on Harm Done by RFS Waivers
Biofuels industry representatives testified during a House Energy and Commerce Subcommittee hearing Tuesday on how the increase in small refinery exemptions (SREs) under the Renewable Fuel Standard has hurt ethanol and biodiesel producers and farmers. “EPA’s secretive and underhanded approach to the SRE provision in recent years has destabilized the RFS, reduced the production and use of clean renewable biofuels, …
Registration Open for 2020 Iowa Renewable Fuels Summit
The 2020 Iowa Renewable Fuels Summit will take place at the Prairie Meadows Conference Center in Altoona, Iowa on January 16, 2020, just days before the Iowa Presidential Caucuses. Renewable Fuels Association (RFA) President and CEO Geoff Cooper will keynote the annual event gathering biofuels industry representatives together in the Midwest with the theme Empower, Promote, and Advocate. In the …
Witnesses Scheduled for RFS Waiver Abuse Hearing
Renewable Fuels Association President and CEO Geoff Cooper will lead off a panel of witnesses for a House Energy and Commerce Subcommittee hearing today on “Protecting the RFS: The Trump Administration’s Abuse of Secret Waivers.” Testimony will also be presented by Gene Gebolys, President and CEO, World Energy; Kelly Nieuwenhuis, President, Siouxland Energy Cooperative; and Chet Thompson, President and CEO, …
Biodiesel Foundation Receives Clean Diesel Project Grant
The National Biodiesel Foundation has been awarded U.S. Environmental Protection Agency funding for its 2020 National Clean Diesel Project. In partnership with Iowa Department of Transportation (Iowa DOT), Optimus Technologies, and Renewable Energy Group (REG), the project supports the purchase of three new replacement snowplows that will operate on B100 and retire older more polluting vehicles. It is the first …
House Subcommittee Hearing to Address RFS Waiver Abuse
“Protecting the RFS: The Trump Administration’s Abuse of Secret Waivers,” is the title of a House Energy and Commerce Subcommittee hearing scheduled for next Tuesday October 29. The Environment and Climate Change Subcommittee hearing will focus on EPA’s “mismanagement of the Renewable Fuel Standard (RFS) program” and will also examine H.R. 3006, the Renewable Fuel Standard Integrity Act of 2019, …
New Court Docs Show EPA Abuse of Waivers
The Renewable Fuels Association (RFA) today highlighted newly available court documents which show how EPA “inappropriately granted Renewable Fuel Standard (RFS) compliance exemptions to certain small refineries that did not even qualify for the waivers, and that there was division within the Trump administration about its new approach to small refinery hardship exemption requests.” Specifically, the briefs and supporting documents …