The Environmental Protection Agency reports the U.S. biodiesel industry produced 135-million gallons of fuel in the first two months of 2012. The volume is an increase over the same period last year, when production totaled less than 80 million gallons. But it is down from the record production of late last year when the industry exceeded 100-million gallons per month for five consecutive months and reached a peak of 160-million gallons in December.
Anne Steckel, vice president of federal affairs for the National Biodiesel Board, says the drop-off reflects lost momentum after Congress allowed the biodiesel tax incentive to expire and the Obama Administration delayed finalizing next year’s biodiesel volume requirement under the Renewable Fuels Standard.
Still, Steckel says – these are solid numbers that show the biodiesel industry is on pace to meet the 1-billion gallon RFS requirement this year, but they also reflect some of the missed opportunities for growth and jobs that we’ve seen with the loss of the tax credit and the continued uncertainty about next year’s RFS volume.
NAFB News Service