# Biodiesel leaders push for producer’s tax credit, cite jobs and economic benefits - Biofuels International Magazine

> Carl Icahn and refiner Valero are pushing to shift Renewable Fuel Standard compliance obligations from oil refiners to the biofuels industry. The article explains the RIN credit system and the long-running dispute between oil and biofuel interests.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/71865-biodiesel-leaders-push-for-producer-s-tax-credit-cite-jobs-and-economic
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Moving the obligation to blenders or fuel producers would change who bears the cost of blending and could alter biofuel demand and RIN values. The outcome would influence ethanol and biodiesel economics.

## Read by commodity

- SBO: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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) | +0.8% | +1.4% |
| CORN | 2017-12-01 | [EIA: US biodiesel production still increasing despite expiration of tax credit](https://feedsoft.ai/events/67361-eia-us-biodiesel-production-still-increasing-despite-expiration-of-tax-credit.md) | +0.4% | +6.2% |
| CORN | 2016-12-08 | [Economists examine RVO impact on conventional, advanced biofuels  \| Biomass Magazine](https://feedsoft.ai/events/73342-economists-examine-rvo-impact-on-conventional-advanced-biofuels-biomass-magazine.md) | +0.9% | +0.3% |
| CORN | 2022-01-07 | [The Farmer's Exchange Online Dairy Economist: 2022 Should Be Profitable for Milk Producers](https://feedsoft.ai/events/4074-the-farmer-s-exchange-online-dairy-economist-2022-should-be-profitable-for-milk.md) | +0.7% | +3.3% |
| CORN | 2017-07-17 | [EPA proposal on biodiesel regulations draws concerns from Nebraska, Iowa ethanol producers](https://feedsoft.ai/events/69852-epa-proposal-on-biodiesel-regulations-draws-concerns-from-nebraska-iowa-ethanol.md) | +2.4% | -1.3% |
| 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% |
| SBO | 2019-11-13 | [New NBB report highlights the importance of the Biodiesel Tax Credit \| Bioenergy International](https://feedsoft.ai/events/55929-new-nbb-report-highlights-the-importance-of-the-biodiesel-tax-credit-bioenergy.md) | -0.2% | +0.6% |
| SBO | 2018-01-25 | [Soy Growers, Industry Leaders Discuss RFS, Tax Credit at National Biodiesel Conference - American Soybean Association](https://feedsoft.ai/events/66863-soy-growers-industry-leaders-discuss-rfs-tax-credit-at-national-biodiesel.md) | +1.2% | -2.0% |

## Sources

- biofuels-news.com: https://biofuels-news.com/news/biodiesel-leaders-push-for-producers-tax-credit-cite-jobs-and-economic-benefits/

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