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The National Biodiesel Board said the nearly two-year lapse of the biodiesel tax credit and flatlined RFS volumes are hurting the industry. Nine biodiesel plants have cut production or closed, with layoffs in several states, and more could follow.
The NBB urged Congress to restore the tax incentive.
Plant closures and reduced biodiesel output lower demand for soybean oil, which is a major feedstock. Continued uncertainty over the tax credit could keep soybean oil demand weaker than it would be otherwise.
biofuels-news.comBiofuels Int @biofuelsmag13 nov 2019Tras 351 eventos bajista de política pasados, Aceite de soja se movió una mediana de -0,0 % en 5 sesiones (49% al alza; mitad central entre -1,7 % y +1,8 %), y -0,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
