# Legislation passage fuels growth in biodiesel

> The Iowa Legislature passed the Governor's Biofuel Access Bill, which raises the biodiesel production tax credit from 2 to 4 cents per gallon and adds retailer credits for B20 and B30 blends. The bill also expands E15 availability and infrastructure funding, and now heads to the governor.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15404-legislation-passage-fuels-growth-in-biodiesel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher state incentives for biodiesel blends at B20 and above support in-state soybean oil demand, a modest bullish factor for soybean oil and soybeans.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-04-05 | [Legislation introduced to make biodiesel tax credit permanent](https://feedsoft.ai/events/59467-legislation-introduced-to-make-biodiesel-tax-credit-permanent.md) | -0.8% | -7.3% |
| SBO | 2018-09-27 | [NBB Fuels Biodiesel Promotion \| U.S. Canola Association](https://feedsoft.ai/events/62921-nbb-fuels-biodiesel-promotion-u-s-canola-association.md) | +3.7% | +0.5% |
| SBO | 2020-09-16 | [South Dakota Soybean \| Biodiesel Industry Plans for Future Growth;…](https://feedsoft.ai/events/50990-south-dakota-soybean-biodiesel-industry-plans-for-future-growth.md) | -1.2% | -1.1% |
| SBO | 2017-05-03 | [Biodiesel industry in full-court press for industry growth \| 2017-05-02 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/70871-biodiesel-industry-in-full-court-press-for-industry-growth-2017-05-02-agri.md) | +0.9% | -3.1% |
| SBO | 2022-06-09 | [Final rule sets stage for biofuels growth](https://feedsoft.ai/events/15385-final-rule-sets-stage-for-biofuels-growth.md) | -6.6% | -24.6% |
| SOY | 2020-09-16 | [South Dakota Soybean \| Biodiesel Industry Plans for Future Growth;…](https://feedsoft.ai/events/50990-south-dakota-soybean-biodiesel-industry-plans-for-future-growth.md) | +2.8% | +5.3% |
| SOY | 2022-06-09 | [Final rule sets stage for biofuels growth](https://feedsoft.ai/events/15385-final-rule-sets-stage-for-biofuels-growth.md) | -2.7% | -6.3% |
| SOY | 2019-06-19 | [Legislation to extend biodiesel tax credit introduced \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/58675-legislation-to-extend-biodiesel-tax-credit-introduced-iowa-agribusiness-radio.md) | -1.1% | -3.4% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/legislation-passage-fuels-growth-in-biodiesel

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.