Pacific Biodiesel to export biodiesel to California due to lack of federal policy support

In Hawaii, Maui News reports that Pacific Biodiesel is looking to take advantage of the premiums offered by California’s Low Carbon Fuel Standard and will begin exporting its biodiesel to the West Coast state. Although diesel fuel is very expensive in Hawaii and comparatively cheap in California, at the moment there isn’t a fuel market for the company’s biodiesel apart from the PUC that buys it to produce electricity. The lack of biodiesel tax credit at the federal level and waning local incentives have also taken their toll on the company’s profitability.