# The Biodiesel Tax Credit: What Does the New Extension Mean? - OPIS, A Dow Jones Company

> The $1-per-gallon biodiesel blender's tax credit has been extended through 2022 and retroactively restored for 2018 and 2019 production. The credit narrows the price gap between biodiesel and petroleum diesel.

- Date: 2020-03-09 · published 2020-03-09T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/54003-the-biodiesel-tax-credit-what-does-the-new-extension-mean-opis-a-dow-jones
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A durable credit supports biodiesel margins and plant run rates, which underpins soybean oil demand for biofuel use.

## Read by commodity

- SBO: bullish ▲
- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-10-01 | [Biodiesel proponents ask for extension of biodiesel tax credit](https://feedsoft.ai/events/62411-biodiesel-proponents-ask-for-extension-of-biodiesel-tax-credit.md) | +1.4% | -1.8% |
| SBO | 2019-01-23 | [Kovarik: It's time for a long-term extension of the biodiesel tax credit - Brownfield Ag News](https://feedsoft.ai/events/60971-kovarik-it-s-time-for-a-long-term-extension-of-the-biodiesel-tax-credit.md) | +3.6% | +3.1% |
| SBO | 2017-04-26 | [ASA Applauds Introduction of Biodiesel Tax Credit Reform, Extension Act - American Soybean Association](https://feedsoft.ai/events/71380-asa-applauds-introduction-of-biodiesel-tax-credit-reform-extension-act-american.md) | +2.4% | +2.4% |
| SBO | 2021-02-05 | [2020 Energy Prices Complicated by Ag Products, Renewable Credits and Other Relationships - OPIS, A Dow Jones Company](https://feedsoft.ai/events/48514-2020-energy-prices-complicated-by-ag-products-renewable-credits-and-other.md) | +1.4% | +10.6% |
| SBO | 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) | -1.2% | -2.3% |
| DIESEL | 2020-02-05 | [U.S. biomass-based diesel tax credit renewed through 2022 in government spending bill - Mansfield Energy](https://feedsoft.ai/events/54471-u-s-biomass-based-diesel-tax-credit-renewed-through-2022-in-government-spending.md) | +2.6% | -2.6% |
| DIESEL | 2023-01-13 | [Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies](https://feedsoft.ai/events/15761-indonesia-palm-oil-export-curbs-biodiesel-plans-to-hit-world-vegoil-supplies.md) | +7.3% | -11.7% |
| DIESEL | 2024-11-07 | [Indonesia targets three-year timeline for 50% biodiesel mandate](https://feedsoft.ai/events/15604-indonesia-targets-three-year-timeline-for-50-biodiesel-mandate.md) | -2.4% | -5.0% |

## Sources

- opis.com: https://www.opis.com/blog/biodiesel-tax-credit/

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