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 WAEES shows that the availability of biodiesel and renewable diesel -- which currently meets 5% of the U.S. diesel market -- reduced fuel prices by 4% in 2021. Another new study from Capital Policy Analytics shows that the environmental benefits of biodiesel -- in carbon and particulate matter reductions -- are worth an average $3.89 per gallon.
In August 2022, Congress passed legislation that extends existing tax incentives through 2024 and create new incentives for 2025 - 2027. The legislation creates new incentives for sustainable aviation fuel, which will benefit Clean Fuels members. Please use this form to identify your elected officials and thank them for providing certainty in tax policy. 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: