The National Biodiesel Board (NBB) and the American Soybean Association (ASA) have written to President Donald Trump in hopes that he can provide further support to the biodiesel industry.
The two associations have asked that he provide biodiesel room for growth under the Renewable Fuel Standard; restore lost demand for biodiesel resulting from small refinery exemptions, and back legislative extension of biodiesel and renewable diesel tax incentives.
In the letter, they asked that the president “provide additional help to the nation’s farmers and rural communities by supporting policies that expand production and use of biodiesel.”
CEO’s of NBB and ASA, Ryan Findly and Donnell Rehagen stated that “Biodiesel adds value to every bushel of soybeans and plays an important role by providing a market for surplus soybean oil. Today, farming income is at its lowest level in more than a decade. Even as soybean growers set production records this year, they are experiencing depressed prices and market uncertainty.”
The president has also been urged by the associations to back the industry’s request to Congress to provide long-term certainty for the biodiesel and renewable diesel tax incentive.
The letter sent to Trump ended by affirming that “Your support for these policies can further grow the RFS and provide an economic boost for rural America when it is most needed.”