Texas biodiesel market set to grow after regulation change

August 17, 2011 |

In Texas, a change in law came into effect on Aug. 1 that is expected to increase biodiesel blending in the state thanks to a more straightforward way of tracking biodiesel use, and therefore qualifying for a tax exemption. Previously, oil companies were required to track and report biodiesel blending to the tenth-of-a-percent but the new rule allows tracking to a whole percentage point.

The old rule was too burdensome for most, meaning many didn’t take advantage of the tax break nor biodiesel blending. Now that the exemption is easier to achieve, the National Biodiesel Board expects more retailers to offer biodiesel blends, leading to a larger market in Texas.

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Category: Policy

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