Biodiesel World News

NBB: Build Back Better Act to extend biodiesel tax credit On Sept. 11, the National Biodiesel Board welcomed the proposed extension through 2031 of the biodiesel and renewable diesel blenders tax credit in the House Ways & Means portion of the Build Back Better Act. READ MORE SHARE
House Ag Committee advances $1B for biofuel infrastructure The House Agriculture Committee on Sept. 13 advanced its portion of the Build Back Better Act, which currently includes $1 billion in USDA funding to expand biofuel infrastructure to increase availability of higher blends of ethanol and biodiesel. READ MORE SHARE
	Biden administration takes action to expand SAF production, use President Biden is taking action to increase the production of SAF to at least 3 billion gallons per year and reduce aviation emission by 20 percent by 2030. As part of that effort, DOE has announced $64.7 million in funding for 22 biofuel projects. READ MORE SHARE
Biofuel groups call on lawmakers to fix SAF legislation A group of nine biofuel and ag groups are calling lawmakers to fix major flaws in pending legislation that they say could leave American farmers and biofuel producers cut out of the sustainable aviation fuel (SAF) market. READ MORE SHARE
USDA reduces 2021-’22 forecast for soybean oil use in biofuel The USDA lowered its forecast for 2021-’22 soybean oil use in biofuel in its latest World Agricultural Supply and Demand Estimates report, released Sept. 10. The forecast for 2020-’21 soybean oil use in biofuel was also revised down. READ MORE SHARE
Missouri launches Biofuel Infrastructure Incentive Program On Sept. 2, the Missouri Agricultural and Small Business Development Authority announced the Biofuel Infrastructure Incentive Program to increase the distribution and use of biofuels in the state of Missouri. READ MORE SHARE
	Biofuel groups oppose EPA motion to remand SREs without vacatur Growth Energy, RFA, NCGA, NBB, ACE and NFU on Sept. 7 field a motion with the U.S. Court of Appeals for the D.C. Circuit opposing the U.S. EPA’s Aug. 25 motion to remand, but not vacate, 31 SREs granted for RFS compliance year 2018. READ MORE SHARE
Neste to acquire US-based Agri Trading Neste has agreed to acquire 100 percent of Agri Trading, one of the largest independent renewable waste and residue fat and oil traders in the United States, and its affiliate entities. The transaction is subject to regulatory approval. READ MORE SHARE
USDA: US biodiesel exports at 68,958 metric tons in July The U.S. exported 68,957.5 metric tons of biodiesel and biodiesel blends of B30 or greater in July, down from 90,863.1 metric tons in June, but up from 52,992.1 metric tons in July 2020, according to data released by the USDA on Sept. 2. READ MORE SHARE
ExxonMobil introduces renewable diesel process technology ExxonMobil Catalysts and Licensing LLC has introduced ExxonMobil Renewable Diesel process technology (EMRD) to help meet the evolving needs for mobility, while utilizing renewable feedstock. The two-stage process provides higher diesel yields. READ MORE SHARE