California refiners may even be paid to blend biodiesel thanks to policy double whammy

February 2, 2016 |

In California, Bloomberg reports that in California refiners are getting biodiesel practically for free thanks to the federal $1/gal blending credit mixed with the Low Carbon Fuel Standard, or in some cases may even be making a profit. In the Midwest, refiners are paying just 64.5 cents per gallon with the credit is taken into account. The state and federal policies separately and together mean that biodiesel is getting a big boost despite oil prices being so low.

Category: Fuels

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