SOURCE: U.S. Energy Information Administration
February 2, 2024
BY Erin Voegele
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NATSO, SIGMA, the American Trucking Associations, National Association of Convenience Stores, SABR the National Energy & Fuels Institute are applauding the introduction of the Biodiesel Tax Credit Extension Act of 2024.
The U.S. EPA on Dec. 19 released data showing that 2.03 billion RINs were generated under the RFS in November, up from 2.01 billion generated during the same month of 2023. Nearly 22.9 billion RINs were generated during the first 11 months of 2024.
The U.S. Department of Energy has partnered with various other federal agencies and industry stakeholders to produce three transportation modal action plans to build a cleaner, more resilient, and more globally competitive transportation system.
The U.S. DOE has announced $52 million in funding for six university and industry projects to advance the production of low carbon intensity, purpose-grown energy crops critical to accelerating a clean energy bioeconomy.
CoBank predicts that U.S. production of renewable diesel and associated fuels will experience a modest boost in 2025 but cautions that policy uncertainty looms over administration of the RFS program, SREs and the impact of potential tariffs.