ACTION ALERT: Rumored RIN Caps from White House

Last week, the American Soybean Association (ASA) voiced strong opposition to a cap on the price of Renewable Identification Numbers (RINS), an action that would significantly undermine the integrity of the Renewable Fuel Standard (RFS). Biodiesel is a significant market for domestic soybean oil and analysis from the National Biodiesel Board (NBB) and the World … Read More »

Biodiesel Tax Credit Part of House Committee Hearing

The House Ways & Means Committee Tax Policy Subcommittee held a hearing on Wednesday to review a group of expired temporary tax credits, such as the biodiesel tax credit. The purpose of the hearing was to review the expired credits to help inform decisions as to whether they should be extended again or made permanent. Following … Read More »

ASA Strongly Opposes RIN Cap

The American Soybean Association (ASA) today voiced strong opposition to a cap on the price of Renewable Identification Numbers (RINs), an action that would significantly undermine the integrity of the Renewable Fuel Standard (RFS). The concept of a cap on RIN prices has been proposed by Sen. Ted Cruz (R-TX) and has been the subject … Read More »

White House Holds Meetings to Discuss RFS, Biodiesel

In response to ongoing requests from anti-Renewable Fuel Standard (RFS) interests, President Donald Trump and the Administration have held multiple meetings with stakeholders, including the U.S. Department of Agriculture (USDA) and biodiesel companies, to hear perspectives and determine if any actions would be agreeable to both sides. Sen. Ted Cruz (R-TX) proposed placing a hard … Read More »

Soy Growers Urge Timely Biodiesel Tax Credit Extension

While the biodiesel tax credit was extended retroactively for 2017, it is once again lapsed for 2018 and beyond. Congressional supporters, especially in the U.S. Senate, continue to push for consideration of an extension of the biodiesel tax credit for 2018 while a longer-term policy is developed. This week, the American Soybean Association (ASA) joined our … Read More »

Success in Antidumping Case for Biodiesel

Information provided by NBB This week the Commerce Department issued a final decision on the question of whether or not Argentina and Indonesia unfairly dump biodiesel imports into the United States. The Commerce Department agreed with the National Biodiesel Board (NBB) Fair Trade Coalition, affirming the agency’s earlier preliminary determination. The decision finalizes that earlier … Read More »

Passage of the Bipartisan Budget Act of 2018

The Bipartisan Budget Act of 2018 was passed by Congress late last week. This paves the way for a fiscal year 2018 omnibus appropriations bill to be completed in March, addresses the approaching debt ceiling, provides disaster assistance, including for agriculture, and extends the biodiesel tax credit retroactively for 2017. Provisions of the agreement that … Read More »

Soy Leaders Recognized for Impact on Biodiesel Industry

During the annual National Biodiesel Board (NBB) conference this week, former American Soybean Association (ASA) CEO and current U.S. Department of Agriculture (USDA) Deputy Secretary Steve Censky was presented with the Pioneer Award for his role and many years of support for the U.S. biodiesel industry. As the long-time CEO of ASA, Censky was instrumental … Read More »

Soy Growers, Industry Leaders Discuss RFS, Tax Credit at National Biodiesel Conference

Representatives from the soybean industry attended the annual National Biodiesel Board (NBB) conference this week, participating in discussions on the challenges and uncertainty with federal policy priorities, such as the annual Renewable Fuels Standard (RFS) volumes, future threats to the RFS, the biodiesel tax credit, and trade cases to address imports of subsidized foreign biodiesel. … Read More »

Soy Growers Urge Congress to Pass Tax Extenders

Soy growers are urging Congress to pass a seamless multi-year extension of the “tax extenders” as soon as possible. The American Soybean Association (ASA) joined a range of several business, transportation, energy and ag stakeholders in a letter this week to both House and Senate leaders, stating the extension of these tax provisions is vital … Read More »