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<p>Balanced Reporting. Trusted Insights.</p>
Wednesday, April 02, 2025
The $1.75 trillion Build Back Better bill that congressional Democrats are struggling to get across the finish line offers new incentives to expand production of biofuels while encouraging livestock operations to capture and sell biogas.
Democrats released a scaled-back, $1.8 trillion version of President Joe Biden's Build Back Better plan Thursday that includes key climate-smart ag provisions, including a new $25-per-acre payment for cover crops, while creating a new low-carbon tax credit for biofuels.
One by one, oil refiners hoping to ride the wave of demand for renewable diesel created by California’s low carbon fuel standard have announced ambitious plans for their own plants. But, the surge will likely come at a cost to biodiesel producers, who often rely on the same soy-based feedstocks to create their product in much smaller plants.
The Biden administration is considering a multi-year reduction to the nation’s biofuel mandate, a move that would surely anger farmers and biofuel interests hoping to see stronger support for the program.
A key House Democrat is promising to help fix language in a package of green energy tax incentives that could block U.S. farm commodities from benefiting from a new tax credit for renewable jet fuel.
Congressional Democrats’ massive Build Back Better spending plan would create a new subsidy for renewable jet fuel while also extending the existing tax credit for biodiesel and renewable diesel through 2031.
House Democrats are proposing historic funding for conservation programs, agricultural research, renewable energy and forestry and other climate-related priorities as part of a $3.5 trillion tax and spending package.
When it comes to producing soyoil for the rapidly emerging renewable diesel market, the industry is adamant that it can expand without the kind of food-versus-fuel criticism from the general public that has plagued biofuels in the past.
The Environmental Protection Agency is expected to propose trimming biofuel usage mandates for 2021, while increasing the renewable volume obligations for next year, a Capitol Hill source confirmed to Agri-Pulse.
The Supreme Court has ruled in favor of small refineries seeking relief from the Renewable Fuel Standard, delivering a major blow to biofuel groups in a long-running legal battle over the governance of the nation’s ethanol and biodiesel policy.
