The Renewable Fuels Association (RFA) and the National Biodiesel Board (NBB) both submitted comments to the Department of Justice yesterday opposing the proposed bankruptcy settlement agreement with Philadelphia Energy Solutions (PES). RFA commented that the proposed settlement agreement, which covers the refiner’s Renewable Volume Obligations (RVOs) for January 2016-April 2018, should be rejected “because the terms are patently unfair, unreasonable, …
No 2018 Tax Credit for Biodiesel
The omnibus spending bill agreed to in Congress to fund the government leaves the biodiesel industry in the lurch again by failing to include a reinstatement of the biodiesel tax credit. “The lack of urgency by Congress to extend this expired tax credit continues to frustrate the producers, blenders and marketers of biodiesel,” said Kurt Kovarik, vice president of federal …
Stand Off Over RFS and RIN Prices Continues
The stalemate continues in Washington D.C. over what, if anything, should be done to lower Renewable Identification Number (RIN) prices designed to help oil refiners comply with the Renewable Fuel Standard (RFS). Late last week, Midwest Republican senators requested a meeting with President Trump as rumors continued to circulate that the administration might take action to cap RIN prices. And …
REG Announces Board of Directors Changes
Renewable Energy Group has announced the appointment of two new Board members to the company’s Board of Directors. Joining the Board are Ms. Debora (Deb) Frodl, a former GE Executive and Mr. James C. (Jim) Borel, a former DuPont Executive. Both began serving on the Board effective March 14. As a top senior executive at GE, Frodl led Ecomagination, a …
Hot Grease Heading to DC Environmental Film Festival
The D.C. Environmental Film Festival will be airing Discovery Channel’s HOT GREASE this weekend, a documentary made with the help of the National Biodiesel Board. Following the film, the makers and stars of the film will participate in a moderated discussion. HOT GREASE is a documentary that follows several innovators, entrepreneurs, environmentalists and grease collectors involved in biodiesel production. The …
Celebrate Biodiesel Day with 25 Fun Facts
Rudolf Diesel would be celebrating his 160th birthday this March 18, if he were still alive, but his name lives on and the example he set of using peanut oil in the first diesel engine celebrates 25 years this year in the National Biodiesel Board (NBB). To celebrate 160 years of Rudolf Diesel and 25 years of biodiesel, NBB has …
Biodiesel and 2nd Gen Biofuels Need Stable Tax Policy
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 more diverse renewable fuels. Renewable Fuels Association General Counsel Ed Hubbard urged the committee to extend the Second-Generation Production Tax Credit …
Advanced Biofuels Interest in Post Tax Bill Hearing
The National Biodiesel Board (NBB) and more than 50 member organizations are urging Congressional leaders to extend the biodiesel tax credit as soon as possible for at least 2018. In a letter to House and Senate leadership sent in advance of a hearing Wednesday morning, the biodiesel stakeholders said, “We believe that if the tax credit is extended through at …
Elite 8 Mad for Biodiesel
March Madness kicks off this week, showcasing the very best of college basketball. In that spirit, the National Biodiesel Board (NBB) has released its own bracket of colleges and universities upping their game with a different kind of prowess – biodiesel research, production and education. Many are members of the Next Generation Scientists for Biodiesel (NGSB). From East-to-West, here are …
Iowa Biofuels Groups Spotlight Oil Industry Study
Iowa Renewable Fuels Association Executive Director Monte Shaw and Iowa Biodiesel Board Executive Director Grant Kimberley held a joint press conference Friday to discuss an oil industry study make public by Reuters that shows putting a cap on prices for Renewable Identification Numbers (RINS) would not be the “win-win” that Senator Ted Cruz of Texas has repeatedly said he wants …