Logo_Header

The Future of Clean Fuels is Here


The new Clean Fuels Alliance America is the globe's leading producer of renewable fuels.

With Industry-leading programs and initiatives, Clean Fuels Alliance America is actively moving the fuel industry upwards toward a greener and brighter future.

Connecting people to accelerate America's clean fuels future

At Clean Fuels Alliance America, we’re working toward a future of clean energy now that will make our members proud. We serve as the clean energy industry’s primary organization for technical, environmental, and quality assurance programs and are the strongest voice for its advocacy, communications and market development.

 

Read Recent Press Release >

Putting the Focus on Clean Fuels

News

NBB Releases Study on Benefits of the Biodiesel Tax Incentive

Dec 16, 2021, 10:45 AM
Economic and environmental benefits exceed $6 per gallon of biodiesel

WASHINGTON, DC - Today, the National Biodiesel Board (NBB) welcomed the release of a new report, "The Economic Benefits of the Biodiesel Blenders' Credit," from Capital Policy Analytics. The report calculates annual economic benefits of $15 billion and environmental benefits of $4.3 billion from U.S. biodiesel production. In 2020, the U.S. market for biodiesel and renewable diesel reached 3 billion gallons with support from the $1 per gallon tax incentive.

"The current tax credit expires at the end of 2022. Letting it expire would harm the U.S. economy and the environment, the data show," the report states.

"A significant body of research also demonstrates that the biodiesel tax credit easily passes a cost-benefit analysis, and that the environmental benefits alone from each gallon of biodiesel that replaces petrodiesel exceed two dollars a gallon, or more than double the cost of the credit," the report continues.

The U.S. biodiesel and renewable diesel industry supports 65,000 U.S. jobs and more than $17 billion in economic activity each year. Every 100 million gallons of production supports 3,200 jobs and $780 million in economic opportunity. The new report estimates that expiration of the tax incentive would eliminate as many as 3,000 jobs in the biodiesel and renewable diesel industry. The total employment loss throughout the supply chain associated with production would be between 7,500 and 9,000 jobs.

Moreover, the report finds that in 2019 use of biodiesel reduced U.S. greenhouse gas emissions by nearly 18 million metric tons. The cumulative greenhouse gas emission reduction since the inception of the biodiesel tax incentive is more than 100 million metric tons.

The report authors write, "We believe that ending the credit in 2022, when the current legislation providing for it expires, would be inadvisable and would likely devastate the market, resulting in the destruction of thousands of jobs, an increase in greenhouse gas emissions and other local air pollutants, and the undoing of much of what the previous 17 years accomplished -- namely, the establishment of a robust market for an important fuel and an essential tool for reversing climate change."

A copy of the report is available for download.

Kurt Kovarik, NBB's Vice President of Federal Affairs, stated, "This report demonstrates how remarkably effective the tax incentive has been in supporting the emergence of biodiesel and renewable diesel. As more and more American consumers demand better, cleaner fuels, a long-term and forward-looking tax incentive can help the industry sustainably grow and diversify. We appreciate the bipartisan support in Congress for continuing this policy."

Biodiesel production supports approximately 13 percent of the value of each U.S. bushel of soybeans
Jun 24, 2022
Investing in the improvement of biodiesel

Quick Stats

Using Biodiesel instead of petroleum-based fuels reduces greenhouse gas emissions by an average of 74%.

Biodiesel is the nation's first domestically produced, commercially available advanced biofuel.

3.5 units of renewable energy are returned for every unit of fossil energy it takes to produce biodiesel.

The use of biodiesel over petroleum-based fuels reduces hydrocarbon emissions by 67%.

Clean Fuels News & Events

NBB Releases Study on Benefits of the Biodiesel Tax Incentive

Dec 16, 2021, 10:45 AM
Economic and environmental benefits exceed $6 per gallon of biodiesel

WASHINGTON, DC - Today, the National Biodiesel Board (NBB) welcomed the release of a new report, "The Economic Benefits of the Biodiesel Blenders' Credit," from Capital Policy Analytics. The report calculates annual economic benefits of $15 billion and environmental benefits of $4.3 billion from U.S. biodiesel production. In 2020, the U.S. market for biodiesel and renewable diesel reached 3 billion gallons with support from the $1 per gallon tax incentive.

"The current tax credit expires at the end of 2022. Letting it expire would harm the U.S. economy and the environment, the data show," the report states.

"A significant body of research also demonstrates that the biodiesel tax credit easily passes a cost-benefit analysis, and that the environmental benefits alone from each gallon of biodiesel that replaces petrodiesel exceed two dollars a gallon, or more than double the cost of the credit," the report continues.

The U.S. biodiesel and renewable diesel industry supports 65,000 U.S. jobs and more than $17 billion in economic activity each year. Every 100 million gallons of production supports 3,200 jobs and $780 million in economic opportunity. The new report estimates that expiration of the tax incentive would eliminate as many as 3,000 jobs in the biodiesel and renewable diesel industry. The total employment loss throughout the supply chain associated with production would be between 7,500 and 9,000 jobs.

Moreover, the report finds that in 2019 use of biodiesel reduced U.S. greenhouse gas emissions by nearly 18 million metric tons. The cumulative greenhouse gas emission reduction since the inception of the biodiesel tax incentive is more than 100 million metric tons.

The report authors write, "We believe that ending the credit in 2022, when the current legislation providing for it expires, would be inadvisable and would likely devastate the market, resulting in the destruction of thousands of jobs, an increase in greenhouse gas emissions and other local air pollutants, and the undoing of much of what the previous 17 years accomplished -- namely, the establishment of a robust market for an important fuel and an essential tool for reversing climate change."

A copy of the report is available for download.

Kurt Kovarik, NBB's Vice President of Federal Affairs, stated, "This report demonstrates how remarkably effective the tax incentive has been in supporting the emergence of biodiesel and renewable diesel. As more and more American consumers demand better, cleaner fuels, a long-term and forward-looking tax incentive can help the industry sustainably grow and diversify. We appreciate the bipartisan support in Congress for continuing this policy."

Biodiesel production supports approximately 13 percent of the value of each U.S. bushel of soybeans
Thank you for signing up for the eBulletin! Look for those to deliver to your inbox monthly. You can unsubscribe from the newsletter at any time. Loading animation

Get updates on our grassroots efforts by receiving the Clean Fuels monthly eBulletin.

×

 

We respect your inbox; expect to receive no more than one monthly bulletin and an occasional special purpose outreach. Unsubscribe at any time.

Frequently Asked Questions

Name Change

Clean Energy

Biodiesel

Renewable Energy

Sustainable Energy

More Information

Contact Liz McCune, Director of Communications at: lmccune@CleanFuels.org or 800-841-5849

 


A member of the Clean Fuels Family of Websites: