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2016 National Advanced Biofuels Conference wraps in Milwaukee

RJ Harris Photography

June 23, 2016

BY Katie Fletcher

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Bill introduced to extend biodiesel tax credit through end of 2025

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By Erin Voegele

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Advanced BiofuelsPolicy

Rep. Mike Carey, R-Ohio, on July 18 introduced legislation that aims to extend the existing $1 per gallon blenders tax credit for biodiesel and renewable diesel for one year, through the end of 2025.

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A bipartisan group of 16 senators and 36 representatives on July 23 sent a letter to U.S. Treasury Secretary Janet Yellen urging her agency to take immediate action to finalize the rules to implement the 45Z clean fuel production credit.

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American Farm Bureau Federation, National Corn Growers Association, Biotechnology Innovation Organization, American Soybean Association, and American Biogas Council are among more than 500 organizations calling for the passage of a new Farm Bill.

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The U.S. DOE has announced awards for the FY24 Phase I Release 2 of the Small Business Innovative Research and Small Business Technology Transfer program. Thirteen of 229 selected projects focus on bioenergy research and development.

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Nearly 2.04 billion RINs were generated under the RFS in June, down from 2.06 billion generated during the same month of last year. Total RIN generation for the first half of 2024 reached 12.07 billion.

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