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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, January 22, 2025
China is ending an export tax rebate for used cooking oil, a common feedstock for renewable diesel, in a move analysts say could spur higher prices and prompt U.S. biofuel producers to explore other oil sources.
The rising demand for renewable fuel and subsequent tax credits to incentivize production has led to a significant spike in imported feedstocks like used cooking oil and tallow, which some say could undermine the domestic oilseed industry and potentially allows some fraudulent materials to enter the market.
Renewable fuel producers are worried they'll lose their ability to generate Renewable Identification Numbers under the Renewable Fuel Standard, thanks to a forthcoming Environmental Protection Agency rule requiring them to provide the addresses of every restaurant that supplies them with used cooking oil.
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 key committee provisions in the $3.5 trillion reconciliation package show that Democrats in Congress are in line with President Joe Biden’s vision to put electric vehicles — not biofuels — at the forefront of the fight against climate change.
The Environmental Protection Agency is requesting a one-month extension with the Supreme Court before it responds in a case that the agency's leader says has the potential to change how it allocates small refinery exemptions.
Oregon's Wyden reboots his 2017 energy tax bill, festooned with climate-friendly energy incentives, then subtracts several oil/gas industry tax breaks, to top off a Senate Democratic tax policy plan.