Stable tax policy supports continued growth of the U.S. biodiesel and renewable diesel industry, helping to create jobs and economic opportunities across the country. Biodiesel and renewable diesel are widely available low-carbon fuels that enable states and cities to meet carbon reduction goals today.

In May 2021, Sens. Chuck Grassley (R-IA) and Maria Cantwell (D-WA) and Reps. Cindy Axne (D-IA) and Mike Kelly (R-PA) introduced bipartisan, bicameral legislation to extend the biodiesel tax incentive through 2025. When the credit is in place at the start of the year -- as it was in 2020 and 2021 and will be for 2022 -- the biodiesel industry can grow with confidence. Please use this form to identify your elected officials and ask them to co-sponsor the extension and support including it in any legislation addressing climate change, economic stimulus, or infrastructure. You can send a ready-made note -- or personalize it with information about your company.

As our members and industry supporters communicate with Washington policy makers, the media, and the public, NBB provides the resources to the right and works with them to amplify these points:

  • With plants and markets across the country, the U.S. biodiesel and renewable diesel industry supports 65,000 U.S. jobs and pays $2.5 billion in annual wages. The industry generates more than $17 billion in economic activity each year.
  • Every 100 million gallons of production supports 3,200 jobs and $780 million in economic opportunity for farm workers, producers, and distributors.
  • Biodiesel is a better, cleaner fuel. It is 74 percent less carbon intensive than petroleum diesel on average, and it significantly reduces particulate and hydrocarbon emissions that are tied to asthma and cardiovascular disease.
  • Biodiesel producers use a variety of raw materials – including recycled cooking oil, animal fats and plant oils – providing value to underutilized resources.


Focus on Tax News




73 Biodiesel Companies, Stakeholders Ask Congress to Immediately Extend the Biodiesel Tax Incentive

Mar 26, 2019, 1:07 PM
Companies and stakeholders from across the country say industry’s continued success is at stake

NEWS
FOR IMMEDIATE RELEASE

 Contact: Paul Winters
 202-737-8801
pwinters@biodiesel.org

WASHINGTON, D.C. – Today, the National Biodiesel Board (NBB), its member companies, and stakeholder organizations delivered a letter to House leaders, urging them to make a multiyear extension of the biodiesel and renewable diesel tax incentive an urgent priority. In February 2018, Congress retroactively extended the tax incentive for 2017, leaving it expired for 2018 and beyond. The letter thanks Sens. Chuck Grassley (R-IA) and Ron Wyden (D-OR) for their bipartisan bill to immediately extend all expired tax incentives.

In the letter, the biodiesel industry stakeholders write, “The future of the credit has been unclear for more than 14 months. That uncertainty is curtailing investments in new plants and capital projects to upgrade existing plants. It is beginning to force some producers, blenders and distributors to cut back purchases of raw materials and deliveries of renewable fuel to consumers, which will have impacts across the economy.”

Congress last addressed the biodiesel tax incentive in February 2018, retroactively extending it for 2017 but leaving it expired for 2018 and beyond.

“The U.S. biodiesel and renewable diesel industry’s continued success is now at stake,” the letter continues. “Tens of thousands of American workers and manufacturers—as well as the millions of Americans who benefit from cleaner air and water—are depending on you to provide our industry the certainty we need to secure investments and continue growing over the next several years.”

The U.S. biodiesel and renewable diesel market grew from about 100 million gallons in 2005, when the incentive was first implemented, to more than 2.6 billion gallons annually since 2016.

Kurt Kovarik, Vice President of Federal Affairs with NBB, added, “The biodiesel industry has long advocated for a multiyear extension of the tax incentive. But because the incentive has been expired for 15 months – the longest period of uncertainty for this policy since its start – it is urgent that Congress act immediately to provide the biodiesel industry certainty for 2018 and 2019.”

Download the full text of the letter.

Made from an increasingly diverse mix of resources such as recycled cooking oil, soybean oil and animal fats, biodiesel is a renewable, clean-burning diesel replacement that can be used in existing diesel engines without modification. It is the nation’s first domestically produced, commercially available advanced biofuel. NBB is the U.S. trade association representing the entire biodiesel value chain, including producers, feedstock suppliers, and fuel distributors, as well as the U.S. renewable diesel industry.

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For more about biodiesel, visit www.biodiesel.org.

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