April 3, 2014
BY Ron Kotrba
The Senate Finance Committee passed a tax extenders package April 3 that includes a two-year extension of the $1-per-gallon biodiesel credit through 2015, retroactive back to Jan. 1 after its expiration Dec. 31. The National Biodiesel Board called on Congress to act quickly on tax legislation.
“This is the third time in five years that the biodiesel incentive has lapsed, making it incredibly difficult for biodiesel businesses to plan for expansion or build infrastructure,” said Anne Steckel, vice president of federal affairs at the National Biodiesel Board. “We applaud the Senate Finance Committee for taking the first step toward extending it and urge the House and Senate to continue the committee’s bipartisan work by acting quickly to extend this credit so the biodiesel industry can get back to work.”
Daniel J. Oh, president and CEO of the largest U.S. biodiesel producer Renewable Energy Group Inc., said, “Biodiesel is a proven contributor to strengthening America’s energy and economic security and protecting our environment. We are very pleased and grateful to see continuing bipartisan Senate support for a growing biodiesel industry and the thousands of jobs it supports. We will continue our advocacy efforts to reinstate this sensible tax credit and to urge the EPA to increase the biodiesel RVO.”
Steckel added, “The U.S. biodiesel industry has plants in almost every state in the country, and this tax incentive is something Congress can pass today to stimulate growth and economic activity at all of them. This incentive is a job creator, and it also pays tremendous dividends in terms of reducing harmful emissions and strengthening our energy security.”
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In addition to biodiesel, the incentive also covers biojet fuel and renewable diesel.
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The Oregon DEQ has confirmed that the 2024 annual report deadline for the state’s Clean Fuels Program will be delayed until May 30 due to a cyberattack the resulted in an extended outage of the Oregon Fuels Reporting System.
Legislation currently under consideration by the New York legislature aims to establish a clean fuel standard (CFS) that would reduce the greenhouse gas (GHG) intensity from on-road transportation by 20% by 2033.
On April 23, the Advanced Biofuels Association (ABFA) met with officials in the U.S. EPA to convey the vital importance of domestic biofuel production to the Trump-Vance administration’s energy dominance policy agenda.
Aemetis Inc. on April 23 announced that its subsidiary in India, Universal Biofuels, has been working with the U.S. government to support the success of American interests in India. U.S. Consul General Jennifer Larson recently toured the facility.
CARB on April 4 released a third set of proposed changes to the state’s LCFS. More than 80 public comments were filed ahead of an April 21 deadline, including those filed by representatives of the ethanol, biobased diesel and biogas industries.