Biodiesel tax credit wipeout in Germany cut biodiesel demand in half: report

In Germany, the national government released figures on the German biodiesel tax exemption, and found that sales of biofuels declined from 3.3. million tons in 2007 to 2.7 million tons in 2008, while sales of biodiesel dropped 50 percent from 800,000 tons to 400,000 tons. Ethanol sales grew from 450,000 tons in 2007 to 620,000 tons in 2008.

Overall, the share of fuel sales commanded by biofuels fell from 7.1 percent to 5.0 percent.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

German farmers face wipeout in Campa bankruptcy; Bunge, Dreyfus rumored as buyers from liquidators

In Germany, the state of Bavaria has refused to guarantee the debts of Campa, a biodiesel producer that entered bankruptcy following changes in the German biodiesel tax structure. Peter Schrum writes ...

German biodiesel companies at 20 percent of capacity; raise call for punitive tariff on Argentine biodiesel

In Germany, Biopetrol reports that European biodiesel producers have raised complaints against what they describe as subsidized Argentine biodiesel after imports from Argentina have flooded the Europe...

European Biodiesel Board reports 35 percent increase in production in 2008

In Belgium, the European Biodiesel Board (EBB) said that European biodiesel production increased 35 percent in 2008 over 2007, despite reductions in production in Germany and Austria. The group said t...

Verbio biodiesel production falls 18 percent; company says German demand has collapsed on high feedstock costs, low diesel prices and higher taxes

In Germany, Verbio said that its biodiesel production has fallen from 93,907 in the first quarter of 2009 to 78,866 tonnes in Q1 2009, compared to a production capacity of 112,000 tonnes per quarter. ...

Biodiesel in Brazil profiled, analyzed in new report

In Brazil, Biodiesel in Brazil: A Rising Tide? Part I: Food vs. Fuel is available as first, in a three part series, exploring supply and demand for Biodiesel in Brazil.  The report aims to explore k...

US tax loophole gives $1 per gallon biofuel blending credit to producers adding 0.1% petroleum to imported biodiesel

In Europe, biodiesel producers are complaining about a US tax loophole that allows traders to capture a US tax credit of $1 per gallon by importing Malaysian biodiesel, adding 0.1% petroleum diesel to...