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




NBB Thanks Congress for Multiyear Extension of the Biodiesel Tax Incentive

Dec 17, 2019, 11:28 AM
If passed, tax credit would provide certainty for industry through 2022

NEWS
FOR IMMEDIATE RELEASE

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

WASHINGTON, DC - Today, the National Biodiesel Board (NBB) and its members thanked Congressional champions for introducing a multiyear extension of the biodiesel tax incentive. If passed, the credit would be available to biodiesel blenders through 2022. The credit will help to expand markets and support expansion of biodiesel and renewable diesel production.

Kurt Kovarik, NBB's Vice President of Federal Affairs, stated, "Today’s announced deal provides the policy certainty that the biodiesel industry has been seeking to support investments and continued growth of production. NBB and its members are grateful that Congressional leaders are providing a positive signal before the year’s end.

"On behalf of NBB members, I’d like to thank Senator Chuck Grassley and Representative Abby Finkenauer as well as many other senators and representatives from both sides of the aisle for their strong and consistent championship of our industry. I’d also like to thank the producers, soybean farmers, heating oil distributors, blenders, and others who have worked tirelessly to advocate for extension of the biodiesel tax credit. We will continue to work with our champions to get this legislation across the finish line before the end of the year."

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.

###

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

footerMap
Missouri Headquarters
605 Clark Ave.
PO Box 104898
Jefferson City, MO 65110




footerMap
Washington, D.C. Office
1331 Pennsylvania Ave., NW
Suite 505
Washington, DC 20004



footerMap
California Office
1415 L Street
Suite 460
Sacramento, CA 95814



footerMap
Massachusetts Office
36 Jonspin Road
Suite 235
Wilmington, MA 01887



Contact Us |  Terms of Use
Copyright ©2021 National Biodiesel Board. All rights reserved.


A member of the National Biodiesel Board Family of Websites: