The National Biodiesel Board (NBB) trade group applauded the
US Senate Finance Committee on Thursday for passing a
bipartisan tax package that includes an extension of the
now-expired biodiesel tax incentive.
The committee's approval is an initial step for the bill, which
now will be considered by the broader Senate and House of
This is a refreshing display of bipartisan cooperation
to get this economy moving again, and we applaud Chairman
Baucus and Ranking Member Hatch for their leadership,
said Anne Steckel, vice president of federal affairs for
The biodiesel tax incentive is a proven job creator.
Growth in our industry has been stagnant since the incentive
expired on Dec. 31. Reinstating it will get biodiesel producers
across the country back to expanding their businesses and
hiring new employees, as they were doing last year with the tax
incentive in place.
We call on the full Senate to quickly pass this
package, and for the House to follow suit so that biodiesel
producers can get the certainty they need to begin hiring
The biodiesel tax incentive was first implemented in 2005
and also expired in 2010. After it was reinstated in 2011, the
biodiesel industry grew rapidly, the NBB said, setting a new
production record of nearly 1.1 billion gallons and supporting
more than 39,000 jobs.
Made from a mix of resources such as recycled cooking oil,
soybean oil and animal fats, biodiesel is the first and only
EPA-designated advanced biofuel that's produced on a commercial
scale across the US.
It is produced in nearly every state in the US and can be
used in existing diesel engines without modification, according
to the NBB.