It was just like the old days. In 2015, I attended my first National Biodiesel Conference in Fort Worth, Texas. At the time, the industry — indeed, the entire US renewable fuels sector — faced key questions about its future. Chief among those concerns was when the US Environmental Protection Agency would release the long-delayed 2014, 2015 and 2016 blending mandates. Without the mandates, producers had to forge ahead into 2015 without knowing just how much biodiesel was needed for the year, an unenviable position. Three years later, and — to steal from Yogi Berra — it’s deja vu all over again. Last week, I returned to the National Biodiesel Conference, again in Fort Worth. And just like in 2015, questions about government policy loom large over the industry. This time, though, the questions don’t concern the EPA, but rather Congress — specifically, if and when it would reinstate the $1/gal biodiesel blenders tax credit. National Biodiesel Board Chief Executive Officer Donnell Rehagen told reporters at the conference that he’s confident the lawmakers will reauthorize the tax credit as part of a tax extenders package. When, however, is a different story. Market sources told S&P Global Platts in recent weeks… continue reading
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Source: CTRM Center