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IncBio delivers biodiesel plant for Tunisia

IncBio has delivered an 8,000MT per year biodiesel plant to Biokast Energy S.A., to be installed...
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UN IPCC report: sustainable biofuels are way forward

UN IPCC report findings confirm that while bioenergy has a significant role to play in society...
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Turku region to invest in wood chip facility

The Turku region of Finland is investing over $350 million (€250 million) in a plant that...
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Iowa corn stover-to-ethanol plant nears operation

The DuPont Cellulosic Ethanol facility, one of the first and largest commercial-scale cellulosic...
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Biofuels International Conference 2014
24 September 2014 - 25 September 2014
Ghent, Belgium
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19 November 2014 - 19 November 2014
Hamburg, Germany
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11th Annual World Congress on Industrial Biotechnology
12 May 2014 - 15 May 2014
Philadelphia
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2 June 2014 - 4 June 2014
Texas, USA
World Bioenergy 2014
3 June 2014 - 5 June 2014
Jönköping, Sweden
International Fuel Ethanol Workshop
9 June 2014 - 12 June 2014
Indianapolis

 

 
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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Volume 8, Issue 2

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