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Bill aims to retroactively extend biodiesel, second-generation fuel tax credits

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By Erin Voegele

9 hours ago

Policy Business Advanced Biofuels 

Reps. Mike Carey, R-Ohio, and Mariannette Miller-Meeks, R-Iowa, on May 1 introduced legislation that aims to retroactively extend the biodiesel blenders tax credit (BTC) and the second-generation biofuel producer tax credit.

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A new study commissioned by Clean Fuels Alliance America shows the U.S. biomass-based diesel industry generated $42.4 billion in economic activity in 2024, supported 107,400 jobs and paid $6 billion in annual wages.

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A broad coalition representing more than 350 trucking fleets, shippers, and supporters of freight movement is urging Congress to extend the biodiesel blenders’ tax credit to lower supply chain costs and protect consumers from inflationary pressures.

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Phillips 66 released Q1financial results on April 25, reporting reduced pre-tax earnings for its renewable fuels segment despite increased production volumes. The changing tax credit structure is one factor that impacted earnings.

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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.

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Desmet has been awarded a new contract by LG-ENI Biorefining, a joint venture between LG Chem and ENI Italy, to will deliver a HVO pretreatment plant in Daesan, South Korea. The biorefinery will produce SAF, renewable diesel and naphtha.

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CoBank latest quarterly research report highlights current challenges facing the biobased diesel industry. The report cites policy uncertainty and trade disruptions due to tariff disputes as factors impacting biofuel producers.

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The U.S. Energy Information Administration reduced its 2025 forecasts for renewable diesel and biodiesel in its latest Short-Term Energy Outlook, released April 10. The outlook for “other biofuel” production, which includes SAF, was raised.

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Tidewater Renewables Ltd. has reported that its biorefinery in Prince George, British Columbia, operated at 88% capacity last year. A final investment decision on the company’s proposed SAF project is expected by year end.

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The 2025 International Biomass Conference & Expo, held March 18-20 in Atlanta Georgia, featured of insightful discussions, cutting-edge technology showcases, and unparalleled networking opportunities.

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Clean Fuels Alliance America is urging the U.S. EPA to establish robust, timely RFS volumes for 2026 and beyond and suggesting the agency set the 2026 RFS renewable volume obligation (RVO) for biomass-based diesel at 5.25 billion gallons.

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Aemetis Inc. released fourth quarter and full year 2024 financial results on March 13, reporting increased revenues for its U.S. ethanol and biogas operations as well as its biodiesel operations in India.

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The U.S. Energy Information Administration maintained its outlook for 2025 and 2026 renewable diesel and sustainable aviation fuel (SAF) production in its latest Short-Term Energy Outlook, released March 11.

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MOL Group has produced a diesel fuel containing hydrotreated vegetable oil (HVO), and sustainable aviation fuel (SAF) at the refinery of Slovnaft in Bratislava. The quality of the products has been verified by radioisotope analysis.

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The U.S. EIA maintained its forecasts for 2025 and 2026 renewable diesel production in its latest Short-Term Energy Outlook, released Feb. 11. The production outlook for other biofuels, including SAF, was also maintained.

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Neste Corp. on Feb. 13 released fourth quarter financial results, reporting that its renewables segment was impacted by both market and operational challenges during the three-month period. Sustainable aviation fuel (SAF) sales, however, were up.

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Phillips 66 on Jan. 31 released fourth quarter financial results, reporting improved earnings for its renewable fuels segment on higher margins for its Rodeo complex in California and stronger international results.

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Clean Fuels Alliance America hosted its annual Clean Fuels Conference in late January. During the event, experts shared the state of the biobased diesel industry today and the outlook for the near-and long-term.

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The U.S. EIA maintained its forecasts for 2025 renewable diesel and biodiesel production in its latest Short-Term Energy Outlook, released Jan. 14. The 2025 outlook for “other biofuel” production, including SAF, was also unchanged.

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The Canadian government on Jan. 7 awarded more than $11 million to seven clean fuel and alternative fuel projects, including those focused on the production of renewable diesel, sustainable aviation fuel (SAF) and other types of bioenergy.

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On Jan, 7, the Oregon Department of Environmental Quality approved NXTClean Fuel’s 401 water permit, confirming that NXTClean’s renewable fuels facility can safely operate within Oregon’s strict environmental protection regulations.

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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.

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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.

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Biomass Magazine has released the agenda for the 18th Annual International Biomass Conference & Expo. The event will be held March 18-20 in Atlanta, Georgia, and features tracks focused on pellets, biomass power and thermal, biogas and RNG, and SAF.

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The White House OMB on Dec. 13 published the Fall 2024 Unified Agenda and Regulatory Plan, which outlines regulatory actions under development by federal agencies related to the RFS, biofuel infrastructure and CO2 pipeline safety.

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The U.S. Energy Information Administration increased its forecast for 2025 renewable diesel consumption its latest Short-Term Energy Outlook, released Dec. 10. The 2024 and 2025 forecasts for renewable diesel and SAF production were maintained.

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The ABFA is urging the Biden administration to immediately issue the guidance necessary for the industry to claim the 45Z Clean Fuels Production Credit. The group is also calling on Congress to extend the existing blender credits.

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Clean Fuels elects governing board members

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By Clean Fuels Alliance America

November 21, 2024

Clean Fuels Alliance America members have elected new governing board members. The new leadership reflects the interests of both large and small companies, biodiesel and renewable diesel producers, as well as soybean growers and renderers.

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The U.S. Department of Energy on Nov. 14 announced $20.2 million in funding for 10 university and industry projects spanning seven states to advance mixed algae development for low-carbon biofuels and bioproducts.

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The U.S. Energy Information Administration maintained its 2024 and 2025 forecasts for the production of biodiesel, renewable diesel and other biofuels, including SAF, in its latest Short-Term Energy Outlook, released Nov. 13.

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