Imports of Biodiesel and Renewable Diesel Up Big in 2016

According to the latest research, U.S. imports of biomass-based diesel, which include biodiesel and renewable diesel, increased by 65% in 2016 to reach a record level of 916 million gallons.

The data, from the U.S. Energy Information Administration, notes that “increasing Renewable Fuel Standard (RFS) targets and the recently expired biodiesel blender’s tax credit were strong drivers of biomass-based diesel demand in 2016, incentivizing increased levels of imports of both biodiesel and renewable diesel.”

The  group added that “biodiesel blender’s tax credit has expired several times in the past, most recently expiring at the end of 2014, only to be retroactively reinstated.”

Category: Fuel & Oil, General Update