# New NBB report highlights the importance of the Biodiesel Tax Credit | Bioenergy International

> The National Biodiesel Board released a report by ABF Economics concluding the biodiesel tax credit is essential to the profitability of the US biodiesel industry. The industry supports over 65,000 jobs and $17 billion in economic activity. The report notes that lower soybean oil prices in 2018 pushed production costs below combined diesel and RIN values.

- Date: 2019-11-13 · published 2019-11-13T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/55929-new-nbb-report-highlights-the-importance-of-the-biodiesel-tax-credit-bioenergy
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Biodiesel margins depend on the tax credit and RFS credits alongside feedstock costs, so uncertainty over the credit affects soybean oil demand. The report itself does not change policy, so its direct price effect is limited.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-12-03 | [Final RFS rule provides only minimal growth for biodiesel, NBB says \| Bioenergy International](https://feedsoft.ai/events/61461-final-rfs-rule-provides-only-minimal-growth-for-biodiesel-nbb-says-bioenergy.md) | +2.5% | +0.3% |
| SBO | 2019-12-19 | [US biodiesel and soybean industry call on President Trump to improve 2020 RFS \| Bioenergy International](https://feedsoft.ai/events/55450-us-biodiesel-and-soybean-industry-call-on-president-trump-to-improve-2020-rfs.md) | +2.8% | -0.2% |
| SBO | 2017-03-09 | [Biodiesel leaders push for producer’s tax credit, cite jobs and economic benefits - Biofuels International Magazine](https://feedsoft.ai/events/71865-biodiesel-leaders-push-for-producer-s-tax-credit-cite-jobs-and-economic.md) | -3.2% | -4.4% |
| SBO | 2022-05-13 | [Southeast region cuts palm oil export tax. How will it impact the biodiesel market?](https://feedsoft.ai/events/15824-southeast-region-cuts-palm-oil-export-tax-how-will-it-impact-the-biodiesel.md) | -5.0% | -5.4% |
| SBO | 2019-02-05 | [European oilseed producers losers in EU - Argentina biodiesel settlement \| Bioenergy International](https://feedsoft.ai/events/60680-european-oilseed-producers-losers-in-eu-argentina-biodiesel-settlement.md) | +0.4% | -1.3% |

## Sources

- bioenergyinternational.com: https://bioenergyinternational.com/new-nbb-report-highlights-the-importance-of-the-biodiesel-tax-credit/

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