Fuel Marketer: Fed Tax Break Helps Biodiesel Price

John Davis

An Indiana-based oil exploration, production, refining and marketing company (including biodiesel) says reinstatement of the federal $1-a-gallon biodiesel blenders credit is helping make the green fuels competitive with non-renewable petroleum products.

CountryMark of Indianapolis says biodiesel blended fuel prices at the farmer-owned cooperative are reflecting the difference the credit is making:

“The biodiesel blender tax credit of a dollar per gallon has biodiesel blended fuels very competitive in the marketplace,” says Jon Lantz, CountryMark Vice President of Marketing. “In light of this change, we encourage fuel buyers to talk with their local cooperative about biodiesel-blended fuels.”

Biodiesel-blended fuels reduce dependency on foreign oil and are good for the environment. These are benefits and values consumers have been looking for and with the change in the tax credits, these fuels and associated benefits are available at a competitive price. We, in the CountryMark system, are looking forward to delivering these all-American biodiesel blended fuels, Lantz added.

CountryMark Member Cooperatives will be working diligently to reach out to school transportation directors, municipalities, county highway departments, fire departments and emergency vehicle managers in the coming weeks to talk about the benefits of B20 and the new prices which have been reduced by the passage of the biodiesel blenders tax credit.

Last year, CountryMark bought 750,000 gallons of biodiesel for blending and hopes to blend 3 million gallons of B100 into diesel fuel this year.