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 Welcomes Commonsense Deadline for RFS Exemption Petitions

Sep 24, 2020, 2:58 PM
NBB thanks Rep. Collin Peterson (D-MN) for RFS Integrity provision in House energy package

NEWS
FOR IMMEDIATE RELEASE

 Contact: Paul Winters
 202-737-8803
pwinters@biodiesel.org

WASHINGTON, DC - The National Biodiesel Board today thanked House Agriculture Committee Chairman Collin Peterson (D-MN) for including the Renewable Fuel Standard Integrity provision (Title VI, Subtitle D) in the Expanding Access to Sustainable Energy Act of 2019 (HR 4447), which the House passed today. The provision would set a June 1 deadline for annual small refinery exemption petitions, thereby ensuring they are accounted for in the RFS calculations. Further, it would require public disclosure of the volumes of biofuels potentially impacted by the petition along with the name of the petitioner.

Kurt Kovarik, NBB's VP of Federal Affairs, states, "This is a commonsense step to ensure that RFS biomass-based diesel volumes are fully met and to prevent a recurrence of the demand destruction for biodiesel that we've seen over the past several years. Biodiesel and renewable diesel producers have a right to know how many gallons of their product may be lost from RFS volumes when major refiners like Exxon ask for special treatment."

Made from an increasingly diverse mix of resources such as recycled cooking oil, soybean oil and animal fats, biodiesel and renewable diesel are better, cleaner fuels that are available now for use in existing diesel engines without modification. NBB is the U.S. trade association representing the entire biodiesel and renewable diesel value chain, including producers, feedstock suppliers, and fuel distributors.

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For more about biodiesel, visit www.biodiesel.org

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