Strong Support for Biodiesel Tax Incentives Extensions

As a strong supporter of clean, domestically produced biodiesel, Clean Fuels Ohio works with fleets throughout the state to deploy this fuel source. Whether a fleet is looking for a cost effective drop-in or to transition its entire fleet to alternative fuels, biodiesel offers a great range of options.

Clean Fuels Ohio is also a supporter of federal tax incentives and the U.S. Environmental Protection Agency (EPA) Renewable Fuel Standard which has assisted in the production and demand for biodiesel. As noted by the National Biodiesel Board (NBB) in a recent press release, Congress remains a strong supporter of these programs as well.

Earlier this fall, the National Biodiesel Board thanked the 46 Congress members led by Rep. David Young (R-IA) and Rep. Dave Loebsack (D-IA) who voiced their support of a multi-year extension of the biodiesel tax incentive. The biodiesel tax incentive was retroactively renewed for 2017 in the Bipartisan Budget Act of 2018, but unfortunately, the incentive was not extended to 2018 and is currently expired.

“Biodiesel and renewable diesel producers are putting investments on hold in the face of the uncertainty created by the off-again, on-again nature of tax incentive eligibility. A multi-year extension of the biodiesel and renewable diesel incentives will provide the industry the certainty it needs to continue to generate the economic and environmental public benefits,” the Congress members stated in a letter.

Kurt Kovarik, NBB’s Vice President of Federal Affairs, added, “Right now, soybean farmers are harvesting a record crop but facing extreme uncertainty about the price they’ll receive and whether they’ll have access to markets. Biodiesel adds value to every bushel of soybeans and provides a market for the growing surplus of soy oil. A multiyear extension of the biodiesel tax incentive would give farmers a welcome bit of certainty this year.

Clean Fuels Ohio will be working to educate the Ohio Congressional delegation on the benefits of biodiesel and other alternative fuels at the 2019 Energy Independence Summit in Washington, DC. For more information on Clean Fuels Ohio’s work on biodiesel, contact Jason Phillips at 614-884-7336 or Jason@CleanFuelsOhio.org.

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Clean Fuels Ohio

3240 W Henderson Rd Suite A

Columbus, OH 43220-2300

614.884.7336

info@cleanfuelsohio.org