Today over 5 million U.S. households use heating oil as a main source of heat but many are looking to reduce greenhouse gas emissions. The biodiesel industry sees that as an opportunity to expand the market for Bioheat.
The biodiesel industry wants to substantially increase its production in the next decade, but industry officials say that growth will require both new and existing feedstocks as well as consistent, long-term government support through the biodiesel tax credit and annual biofuel usage mandates.
Biofuel industry advocates say they’re pleased with how the Democratic presidential candidates are talking about ethanol and biodiesel in Iowa, although most of the campaigns haven't provided specifics about how they would increase demand.
The National Biodiesel Board announced a new vision touting biodiesel, renewable diesel, and renewable jet fuel to be recognized as premium products at their annual conference taking place in Tampa this week.
The House approved a pair of fiscal 2020 spending packages Tuesday that will provide a fresh infusion of disaster relief to farmers, extend the expired biodiesel credit to 2022 and bolster port inspections to protect U.S. agriculture for African swine fever and other threats.
In what is setting up to be an historic week, the House is poised to ratify the U.S.-Mexico-Canada Agreement after a bitter debate over the impeachment of President Donald Trump, and lawmakers also are rushing to pass legislation to fund the government for fiscal 2020.
Lawmakers return from the Thanksgiving break with a long to-do list important to agriculture that includes keeping the government funded and potentially debating the U.S.-Mexico-Canada Agreement, all of which is competing for attention with the House impeachment battle.
House Democrats have proposed a sweeping package of green energy tax incentives that includes a multiyear extension of the expired biodiesel credit, but it’s unclear that the House and Senate can agree on a tax deal before the end of the year.