Tuesday, January 31, 2012

Just in from Boise

Biodiesel Production Hits 1 Billion Gallons

Washington--The U.S. biodiesel industry produced more than 1 billion gallons of the renewable fuel in 2011, according to year-end numbers from the Environmental Protection Agency. The total volume of nearly 1.1 billion gallons beat the previous record of 690 million gallons in 2008 and exceeded the 800 million-gallon target under EPA’s Renewable Fuel Standard.

“We’ve been seeing a lot of stories about setbacks in the renewable energy sector recently, and I think our success in 2011 reflects the bigger picture reality, which is that strong energy policy is working to stimulate production of clean, American-made energy,” said Anne Steckel, vice president of federal affairs for the National Biodiesel Board, in announcing the industry’s milestone last Friday.

The NBB said the industry’s success shows that the RFS and the $1-per-gallon biodiesel production tax credit worked as intended to create jobs and reduce America’s dependence on imported fuel while improving the environment.

The tax credit expired at the end of last year. The biodiesel industry is urging Congress to reinstate the tax incentive and calling on the Obama administration to finalize an EPA proposal to boost the biodiesel volume requirement under the RFS to 1.28 billion gallons in 2013.

NBB News Release

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