Stable tax policy supports continued growth of the U.S. biodiesel and renewable diesel industry, helping to create jobs and economic opportunities across the country. A new study from Capital Policy Analytics shows that domestic production adds $15 billion to the U.S. economy and supports 64,000 jobs and $3.5 billion in wages. The environmental benefits of biodiesel -- in carbon and particulate matter reductions -- are worth an average $3.89 per gallon.
In May 2021, Sens. Chuck Grassley (R-IA) and Maria Cantwell (D-WA) and Reps. Cindy Axne (D-IA) and Mike Kelly (R-PA) introduced bipartisan, bicameral legislation to extend the biodiesel tax incentive through 2025. When the credit is in place at the start of the year -- as in 2022 -- the biodiesel industry can grow with confidence. Please use this form to identify your elected officials and ask them to co-sponsor the extension and support including it in any legislation addressing climate change, economic stimulus, or infrastructure. You can send a ready-made note -- or personalize it with information about your company.
As our members and industry supporters communicate with Washington policy makers, the media, and the public, Clean Fuels provides the resources to the right and works with them to amplify these points: