The Senate Finance Committee has approved a bipartisan tax extenders package that includes aid for the alternative energy industry. The package includes the $1 per gallon biodiesel Blender’s Credit; an extension of the wind energy Production Tax Credit; an extension of the Investment Tax Credit (ITC) for the development of offshore and community wind projects; and an extension of the producer …
New Heating Oil Rail Facility Opens in East
A new heating oil rail facility has official opened in Yaphank, Rhode Island owned and operated by Ultra Green. The terminal will receive diesel fuel produced from vegetable oils or other fats and then will blend the fuel with traditional heating oil to create Bioheat. The biodiesel will be delivered in rail cars and the facility can store up to 250,000 gallons on …
Grassley Supports Biodiesel Tax Credit Extension
Iowa Senator Chuck Grassley (R-IA) is making a run at getting the biodiesel tax credit extended. He is attempting to mark up a tax extenders package that would include a retroactive extension of the credit for an Iowa leading industry. Biodiesel production increased during the second quarter of 2012 as compared to the first quarter. Iowa is the leading biodiesel …
Biodiesel Production Remains Strong
Biodiesel production in the U.S. remained strong in June. According to a report published by the Environmental Production Agency (EPA), 112 million gallons of biodiesel were produced in June. Total gallons for the first six months of the year is 557 million setting the pace to meet 2012 Renewable Fuel Standard (RFS2) mandates. The EPA has set yearly production of …
DF Cast: House’s Turn at Biofuels in Farm Bill
During the last Domestic Fuel Cast, we talked about the U.S. Senate’s work on the renewable energy provisions of the Farm Bill. In this edition, we follow the debate over to the House, where not much funding in the energy title of the bill moved out of the Agriculture Committee. Listen to what some key lawmakers, as well as leaders …
Radio Ads Featuring President Obama Air in Iowa
Iowans driving to work, or typing away on computers, and listening to the radio, may hear some new advertisements featuring President Obama. Although the biodiesel and ethanol industries have been under serious attack the last few weeks, the Obama Administration has continued to show its support for the growth of the American-based industry. U.S. biofuels production is currently led by …
Biodiesel, RINs and RFS2
The Environmental Protection Agency (EPA) is looking into the fraudulent sale of Renewable Identification Numbers (RINs). These are generated when a gallon of biofuel is produced and most often “sold” with the gallon of biofuel. But is some cases RINs can be sold and bought without the biofuel attached. What’s the big deal? RINs are used by the EPA to track compliance …
Biodiesel Gains New ASTM Standard
In a bid to better meet the needs of customers, the biodiesel industry sought out and gained approval of a new voluntary No. 1-B grade for B100 from the ASTM D2 Committee on Petroleum Products and Lubricants. This news release from the National Biodiesel Board says the new standard will help make the green fuel better for customers with Ultra-Low …
Ag Chief: Biodiesel Driving, Revitalizing Rural Economy
U.S. Secretary of Agriculture Tom Vilsack traveled back to Iowa today, praising biodiesel in his home state for driving and revitalizing rural America’s economy. In remarks during a meeting with Iowa biodiesel and farm industry representatives at the Soy Energy biodiesel production facility in Mason City, the USDA chief pointed to the green fuel as a demonstration of farmers bouncing …
EM Biofuels Rolls Out RINPlus
EM Biofuels LLC is rolling out RINPlus, a web-based platform that tracks the origin of Renewable Identification Numbers (RIN). The company says the platform will enable obligated parties to verify the genealogy of all RINs from feedstock to RIN generation and separation. RINPlus will document many areas including: Facility’s engineering review Corporate formation documents and operating permits Validity checks including co-product …