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Latest News
Ethiopia’s Jatropha plantation set to produce biodiesel

Ethiopia is expanding its Jatropha plantation to produce 500 million litres of biodiesel from...
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CSU receives $1.5 million to develop biofuels

Colorado State University (CSU) has been awarded nearly $1.5 million (€1.1 million) from...
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CEC gives $43.6 million in awards to advanced biofuels projects

The California Energy Commission (CEC) has awarded $43.6 million (€32.4 million) to 11...
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NASCAR reaches 6 million mile mark

The US' NASCAR race has now seen 6 million miles of competitive racing completed using an...
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Upcoming Events
Biofuels International Conference 2014
24 September 2014 - 25 September 2014
Ghent, Belgium
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Tank Storage Asia 2014
24 September 2014 - 25 September 2014
Marina Bay Sands, Singapore
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Tank Storage Germany
19 November 2014 - 20 November 2014
Hamburg, Germany
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National Advanced Biofuels Conference & Expo
13 October 2014 - 15 October 2014
Minneapolis
2nd BBEST Conference
20 October 2014 - 24 October 2014
Sao Paulo, Brazil
World Ethanol & Biofuels
3 November 2014 - 6 November 2014
Budapest, Hungary

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Volume 5, Issue 1

Feature: Exercising prudence in a resurging US biodiesel market
US biodiesel production came to a virtual standstill with the expiration of the federal tax credit on 31 December 2009. Last year was a tough year in the industry by anyone’s standards. However, with the new renewable fuels standard, the extension of the biodiesel tax credit late last year, and the current price of RINS, many US biodiesel plants are now taking a serious look at restarting. As obligated parties under RFS2, US refiners are weighing the option of buying or building their own facilities versus simply purchasing product from a third party. Foreign biodiesel interests are also closely monitoring their opportunities in the US biodiesel market. While things have undoubtedly changed for the better in the US biodiesel sector, restarting operations still carries significant risks for the uninformed. 2011 looks much more promising than the past few years and financial considerations are certainly enhanced, albeit certainly not forever resolved, by the one year extension of the tax credit. So there is no time to waste in getting production facilities approved. This is especially true considering that the EPA has a three month waiting period from the application to the granting of permits and RFS2 certification to produce Renewable Identification Numbers (RINS). There is also a time element involved in becoming eligible for the blenders’ credits.


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