Build Back Better is Big for Biofuel

Build Back Better is Big for Biofuel

 

Build Back Better Bill Provides Big Wins for Biofuel Producers

Biodiesel and renewable diesel producers will see an extension of the income and excise tax credits for biodiesel and biodiesel mixtures at $1.00 per gallon through 2031. This will easily be the longest period of time in which producers will be able to count on the credit being in place.

The provision also extends the $0.10-per-gallon small agri-biodiesel producer credit through the end of 2031, as well as the $0.50 per gallon excise tax credits for alternative fuels and alternative fuel mixtures.

What might be the biggest news announced for liquid renewable fuels is the sustainable aviation fuel credit.  Beginning in 2023, the provision allows for a refundable blenders tax credit for each gallon of sustainable aviation fuel sold as part of a qualified fuel mixture.  The credits value is determined on a sliding scale, equal to $1.25 per gallon plus an additional $0.01 for…

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03.28.2024

LCFS credit volumes, average prices move higher

LCFS credit volumes, average prices move higher

**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**

**Bob Lane was out of the office today.**


California low carbon...

03.28.2024

Diverging FOB and delivered markets to close out March

Diverging FOB and delivered markets to close out March

Please note – The Jacobsen will not publish an Animal Fats bulletin on Friday, March 29th in observance of the Good Friday holiday.

Trading was quiet ahead of...

03.28.2024

March monthly averages mixed for animal proteins

March monthly averages mixed for animal proteins

** Please note: The Jacobsen will not publish a bulletin on Friday, April 29 in observance of Good Friday. **

Light trade was reported for the end of...

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