Biodiesel producers say the reduced Renewable Fuel Standard (RFS) is hurting the business.
Reduction in the RFS means less mandatory use of biofuels and the tax biodiesel tax incentive expired Jan 1. Investments in biodiesel were made based on tax and other incentives such as the RFS. Producers might go out of business without them. In other words, the biodiesel business is floated on subsidy and as positive as the hype, isn’t really a competitive fuel.