AGRIBUSINESS: Biodiesel Industry Moves Ahead

Posted on: 5:12 am, February 21, 2013, by , updated on: 04:12am, February 21, 2013

The biodiesel industry is hoping to make big strides in 2013. That is partially thanks to the biodiesel tax credit included in the New Year’s Eve extension of Farm Policy.

The tax credit benefits funding for both 2012 and what is expected for 2013. Such support for the biodiesel industry will make it possible to move ahead more quickly than ethanol has.

The biodiesel industry has set the goal called 10 by 22. By 2022, the industry hopes that 10% of all on-road diesel will be biodiesel.