“While we are pleased the President seeks to reinstate the cellulosic biofuel tax credit and several other important tax incentives, we are disappointed he did not include the biodiesel tax credit among these extensions. As America’s leading advanced biofuel, biodiesel has made great strides in production, distribution, and use. However, faced with the enduring effects of the petroleum industry’s continuous Century of Subsidies, reinstating the biodiesel tax incentive is a vital part of leveling the energy playing field and allowing true consumer fuel choice.”
IRFA points out that the Hawkeye State is a leader in renewable fuels production, with 42 ethanol refineries capable of producing over 3.8 billion gallons annually, three cellulosic ethanol facilities currently under construction, and a dozen biodiesel facilities able to produce nearly 315 million gallons each year.
Source: Domestic fuel