Members of the National Biodiesel Board (NBB) are encouraged by the introduction in Congress of a multiyear extension of the biodiesel tax incentive. If passed, the credit would be available to biodiesel blenders through 2022 to help to expand markets and support expansion of biodiesel and renewable diesel production. NBB Vice President of Federal Affairs Kurt Kovarik says the announced …
Trade Groups Push Congress on Biodiesel Tax Extension
Executives from nearly a dozen national trade associations sent a letter to Congressional leaders last week highlighting the urgent need for Congress to extend the expired biodiesel tax incentive before the end of the year. The groups included the National Biodiesel Board, American Soybean Association, American Farm Bureau Federation, National Farmers Union, Advanced Biofuels Association, among others. The association executives …
Iowa Governor Moves State Vehicles to B20
During an appearance at the Iowa Farm Bureau annual meeting in Des Moines Tuesday, Governor Kim Reynolds signed an executive order requiring that all new state vehicles with diesel engines must be approved to run on B20 biodiesel (a blend of 20% biodiesel and 80% petroleum-based diesel) or more “Biodiesel is a growing and vital industry in Iowa, and I …
NBB Asks EPA To Properly Account for SREs
The National Biodiesel Board (NBB) comments on EPA’s supplemental proposal for 2020 renewable volume obligations urge the agency “to properly account for small refinery exemptions, address the remand of the 2016 standards, and increase the 2021 biomass-based diesel volume.” NBB is encouraging EPA to use a three-year average of the gallons EPA actually exempted. “Unfortunately, the proposal uses an average …
National Biodiesel Board Elects New Leaders
The National Biodiesel Board held its annual fall meeting this week in Washington D.C. to focus on policy initiatives and moving the industry forward. During the meeting, the membership elected representatives to serve on the Governing Board to help the development and success of biodiesel. NBB members voted to fill seven board member spots for two-year terms: Kent Engelbrecht, Archer …
Proposal Would Extend Biodiesel Tax Incentive
The Growing Renewable Energy and Efficiency Now (GREEN) Act was introduced this week by Democrats on the House Ways and Means Subcommittee on Select Revenue Measures led by Chairman Mike Thompson (CA-05). The draft legislation is called “a comprehensive approach to tackling climate change by using the tax code to extend and expand renewable energy use and reduce greenhouse gas …
Rough Times for Biodiesel Industry
It’s been a tough year for the biodiesel industry with ten biodiesel plants that have closed or cut back production, impacting jobs across the country, and ultimately the agricultural producers. “It’s just one more hit to soybean farmers too, right now,” said National Biodiesel Board (NBB) Director of Communications Kaleb Little during an interview at the National Association of Farm …
Report Shows Importance of Biodiesel Tax Credit
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 …