# Congress urged to extend biodiesel blenders’ tax credit - Biofuels International Magazine

> The Advanced Biofuels Association and NATSO urged Congress to keep the biodiesel blenders' tax credit unchanged. They argue a producer's credit would raise consumer fuel costs, and the $1 per gallon credit expired at the end of 2016.

- Date: 2017-05-09 · published 2017-05-09T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/70874-congress-urged-to-extend-biodiesel-blenders-tax-credit-biofuels-international
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The lobbying pushes against a shift to a producer's credit, which would reduce the incentive for biodiesel blending and could weigh on soybean oil demand. The lobbying itself is not a policy change, so the price effect is limited.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-11-14 | [Clean Fuels, soy growers urge Congress to extend biodiesel tax credit](https://feedsoft.ai/events/15172-clean-fuels-soy-growers-urge-congress-to-extend-biodiesel-tax-credit.md) | -3.9% | -7.1% |
| SBO | 2019-11-13 | [US biodiesel industry dependent on tax credit, RFS to compete with fossil-based diesel - Biofuels International Magazine](https://feedsoft.ai/events/55931-us-biodiesel-industry-dependent-on-tax-credit-rfs-to-compete-with-fossil-based.md) | -0.2% | +0.6% |
| SBO | 2019-04-01 | [NBB calls on EPA to reform small refinery exemptions - Biofuels International Magazine](https://feedsoft.ai/events/59465-nbb-calls-on-epa-to-reform-small-refinery-exemptions-biofuels-international.md) | +2.8% | -1.7% |
| SBO | 2019-12-20 | [EPA’s final 2020 RFS rule adds more uncertainty to US biofuel policy - Biofuels International Magazine](https://feedsoft.ai/events/55455-epa-s-final-2020-rfs-rule-adds-more-uncertainty-to-us-biofuel-policy-biofuels.md) | +2.8% | -3.1% |
| SBO | 2017-09-27 | [EPA signals cut to U.S. biodiesel blending; soyoil prices drop - Governors' Biofuels Coalition](https://feedsoft.ai/events/69027-epa-signals-cut-to-u-s-biodiesel-blending-soyoil-prices-drop-governors-biofuels.md) | -2.2% | +3.3% |

## Sources

- biofuels-news.com: https://biofuels-news.com/news/congress-urged-to-extend-biodiesel-blenders-tax-credit/

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