GlobalData says US biodiesel production set to soar past RFS demand

October 17, 2013 |

In the UK, a new report from GlobalData says the US biodiesel industry is on pace to produce more than the 1.28 billion gallons set under the Renewable Fuels Standard (RFS) for this year. According to the report, biodiesel is the first Environmental Protection Agency (EPA)-designated ‘advanced biofuel’ — a category that lists alternative fuels possessing at least 50% fewer emissions than gasoline — to reach 1 billion gallons of annual production. This growth is driven in large part by a $1-per-gallon production tax credit extended through the end of 2013 by the US Congress.

Category: Fuels

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