The U.S. biodiesel industry broke the mark of 1 billion gallons production figures in the year 2012 for the second year in a row, according to the EPA, to the end of the year. The total volume of nearly 1.1 billion gallons exceeded the production 2011 to 6 million gallons, National Biodiesel Board says.
December production was only 59 million gallons, the lowest monthly volume of the year. The decline in production attributed to the National Biodiesel Board uncertainty about the tax credit for biodiesel. Congress renewed the incentive for $1 per gallon on the day of the new year in the framework of the so-called "fiscal cliff" legislation. Under the EPA, biodiesel production is biomass-based diesel category in the renewable fuel standard (RFS) reported. The fuel produced oil, soybean oil and animal fats from a mixture of resources such as recycling. See the press release National Biodiesel Board and EPA RFS website.
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