Extension of biodiesel blenders tax credit introduced in US House of Representatives

A bipartisan bill was introduced in the U.S. House of Representatives July 18 to extend the $1 per gallon biodiesel blenders tax credit, which is set to expire at the end of 2024.  

HR 9060 was introduced by Reps. Mike Carey, R-Ohio; Ann Kuster, D-New Hampshire; Claudia Tenney, R-New York; and Mariannette Miller-Meeks, R-Iowa. 

The Sustainable Advanced Biofuel Refiners Coalition (SABR) applauded the bipartisan group of lawmakers working to extend the biodiesel blenders tax credit.  

“This year marks the 20th anniversary of its enactment,” said SABR CEO Joe Jobe.  

“The program has been highly successful in stimulating private investment in the current $17 billion industry that is producing green fuel and green jobs in rural and underserved communities,” Jobe said.  

“Biodiesel is the lowest cost, lowest-carbon heavy-duty biofuel, but biodiesel is currently in an inflection point that is seeing previous investment to decarbonize the ground transportation sector dramatically undermined when we need it the most,” he added.  

Jobe said SABR would prefer biodiesel blenders credit only applied to U.S. producers.  

“But the current BTC offers an agriculture- and climate-friendly solution during this transitional time,” he said. “SABR will work with policymakers and anyone else to direct U.S. investment in carbon reduction in a way that benefits U.S. industries, U.S. taxpayers, and U.S. truckers and farmers.” 

SABR is a coalition of stakeholders that have invested in building out America’s first advanced biofuel—biodiesel.  

“Biodiesel is the most cost-effective means to reduce greenhouse gas (GHG) emissions from medium- and heavy-duty vehicles, providing numerous economic, environmental and energy-security benefits,” the group stated.  

SABR includes 50-plus organizational members representing every link in the value chain from feedstock growers to biodiesel producers, distributors, retailers and consumers, as well as infrastructure and products and services suppliers.