Fuel/Emissions
Biodiesel output slumps in 2014
WASHINGTON, D.C. - The U.S. biodiesel market shrunk in 2014 amid policy uncertainty in Washington that destabilized the industry and caused many biodiesel plants to shut down or reduce production. According to the Environmental Protection Agency, total U.S. biodiesel consumption fell to 1.75 billion gallons for the year, down slightly from nearly 1.8 billion gallons in 2013. The downturn came as the Obama Administration failed to finalize biodiesel volumes under the Renewable Fuel Standard (RFS) and the U.S. Congress allowed the biodiesel tax incentive to lapse at the beginning of 2014. "These numbers reflect the consequences of policy inaction," said Joe Jobe, CEO of the National Biodiesel Board (NBB), the industry trade association.
