The National Biodiesel Board (NBB) and more than 50 industry stakeholders delivered a letter to Congressional leaders Monday, urging them to enact a multiyear extension of the biodiesel and renewable diesel tax incentive before Congress adjourns for the year. In February 2018, Congress retroactively extended the tax incentive for 2017, leaving it expired for this year and beyond. The letter …
Register for 2019 Iowa Renewable Fuels Summit
Expert speakers and panelists will explore potential markets for ethanol and biodiesel at home and abroad as well as how the industry can overcome hurdles to growth at the 2019 Iowa Renewable Fuels Summit January 29 in Altoona, Iowa. “The Iowa Renewable Fuels Summit has become a can’t-miss industry event and this year promises to be no different,” said Iowa …
Groups Disappointed in Final RFS Rule
Most organizations weighing in on the final rule for required renewable fuel volumes under the Renewable Fuel Standard (RFS) program for 2019, and biomass-based diesel for 2020, released by EPA on Friday are disappointed. The rule maintains the 2019 conventional biofuels level at 15 billion gallons, in line with statute, while biomass-based diesel, advanced, and cellulosic categories all were increased …
Study Shows Biodiesel Benefits in the Billions
A new study shows that the Biodiesel Tax Credit helped the industry support $21.6 billion in economy-wide sales, employment for over 60,000 workers with wages and benefits totaling $3.8 billion, and nearly $2 billion in state and federal tax revenues combined in 2017. The analysis by FTI Consulting – “The Biodiesel Industry: Impacts on the Economy, Environment and Energy Security” …
EPA Finalizes RFS Renewable Fuel Volumes
The Environmental Protection Agency (EPA) has released the finalized rule for required renewable fuel volumes under the Renewable Fuel Standard (RFS) program for 2019, and biomass-based diesel for 2020. The key elements of the final rule include maintaining the “conventional” renewable fuel volumes, primarily met by corn ethanol, at the current 15-billion gallon level set by Congress for 2019; increasing …
President Urged to Review Argentine Biodiesel Case
As President Trump headed to Argentina this week for the G20 Summit, three biodiesel stakeholder trade groups wrote him to express concern about the U.S. Commerce Department “changed circumstances” reviews of U.S. trade duties on Argentine biodiesel companies. The National Biodiesel Board, the American Soybean Association, and the National Renderers Association urged the president to ensure that Commerce “undertake a …
House Tax Package Includes Biodiesel Extension
House Ways and Means Committee Chairman Kevin Brady (R-TX) has released a tax and oversight package that would extend several expired tax credits, including the biodiesel and renewable diesel tax incentive. According to the National Biodiesel Board (NBB), the proposal for a multi-year extension the incentive would keep the credit at its current rate of $1.00 per gallon for 2018 …
Biodiesel Industry Elects New Board Leadership
National Biodiesel Board members have elected their trade association leadership for the coming year, reflecting the wide range of member companies in the biodiesel industry from feedstock operations to producers. NBB members voted to fill eight board member spots for two-year terms: Troy Alberts, Ag Environmental Products Rob Shaffer, American Soybean Association Jeff Lynn, Illinois Soybean Association Tim Keaveney, Lake …
Biodiesel Board Meets Farm Broadcasters
Once again, the National Biodiesel Board (NBB) attended the National Association of Farm Broadcasting annual Trade Talk in Kansas City to do interviews with agricultural reporters around the country on a variety of topics. Meeting the media were NBB Communications Director Kaleb Little, Nebraska Soybean Market Development Coordinator Cale Buhr, NBB Director of Outreach and Development Tom Verry, and NBB …
NBB Opposes Review of Biodiesel Import Duties
Biodiesel stakeholders are opposing an “unprecedented review” of biodiesel import duties being conducted by the U.S. Department of Commerce at the request of Argentina. The department last week granted a request from the government of Argentina to initiate “changed circumstances” reviews of U.S. trade duties imposed on Argentine biodiesel companies, after imposing antidumping and countervailing duty orders earlier this year …