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.
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.
Canada is developing biofuel incentives similar to California's and could provide a valuable new market for the U.S. biodiesel industry, which is struggling to increase exports to other countries due to countervailing duties and other barriers.
The National Biodiesel Board says in a letter signed by more than 70 other organizations and stakeholders that the very industry they represent is on the line if lawmakers are unable to pass an extension of a $1-per-gallon tax credit.