# Biofuel groups urge Congress to extend tax biofuel credits - Governors' Biofuels Coalition

> Biofuel trade groups sent a June 19 letter to the House Ways and Means Committee supporting an extension of advanced biofuel tax incentives in the GREEN Act. The incentives cover biodiesel, second-generation biofuel and alternative fuel credits. The groups say the credits would support feedstock prices and farm incomes.

- Date: 2020-06-28 · published 2020-06-28T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/52479-biofuel-groups-urge-congress-to-extend-tax-biofuel-credits-governors-biofuels
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Extending the biodiesel credit would sustain demand for soybean oil and other feedstocks. Passage is not yet certain, so the price effect is limited for now.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-05-23 | [US ag industry calls on Congress to extend biodiesel tax credit - Biofuels International Magazine](https://feedsoft.ai/events/58977-us-ag-industry-calls-on-congress-to-extend-biodiesel-tax-credit-biofuels.md) | +1.7% | +4.7% |
| SBO | 2019-03-27 | [National Biodiesel Board urges Congress to extend biodiesel tax incentive - Biofuels International Magazine](https://feedsoft.ai/events/59978-national-biodiesel-board-urges-congress-to-extend-biodiesel-tax-incentive.md) | +1.1% | -2.5% |
| SBO | 2026-01-19 | [Soybean Oil Surges With US Biofuel Quotas Expected by March - Governors' Biofuels Coalition](https://feedsoft.ai/events/15061-soybean-oil-surges-with-us-biofuel-quotas-expected-by-march-governors-biofuels.md) | +1.7% | +6.7% |
| SBO | 2019-03-26 | [Congress to extend biodiesel tax incentive](https://feedsoft.ai/events/59976-congress-to-extend-biodiesel-tax-incentive.md) | -0.9% | -2.6% |
| SBO | 2025-04-01 | [US oil and biofuel coalition meets with EPA to seek biomass diesel boost \| Reuters](https://feedsoft.ai/events/15125-us-oil-and-biofuel-coalition-meets-with-epa-to-seek-biomass-diesel-boost-reuters.md) | +0.9% | +7.8% |

## Sources

- governorsbiofuelscoalition.org: https://www.governorsbiofuelscoalition.org/biofuel-groups-urge-congress-to-extend-tax-biofuel-credits/

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