Opportunities – Biodiesel & Renewable Diesel

The biodiesel and renewable diesel industry kicked off the 2021 Virtual National Biodiesel Conference and Expo Tuesday with an optimistic outlook for the future of America’s sustainable petroleum diesel replacement.

The theme of this year’s conference is “Rise 2021” and in his annual state of the industry address, National Biodiesel Board CEO Donnell Rehagen pointed to several factors contributing to increased demand for biodiesel and renewable diesel.

“Last year we unveiled Vision 2020, our plan to grow to over six billion gallons by the year 2030, and, with advancements in feedstocks, 15 billion gallons by 2050,” he said. “The biodiesel and renewable diesel industry believes, with strong data I might add, we will have the production and market demand to reach this previously unimaginable goal by 2030.”

Specifically, Rehagen said states across the country have embraced sustainable fuels as part of their own efforts to mitigate greenhouse gas emissions within their borders. Those efforts took on greater significance during the pandemic as Americans witnessed natural reduction of smog and pollution from drivers staying home and using less petroleum.

Beyond the growth in demand for traditional biodiesel and renewable diesel in on-road and off-road transportation applications, the increasing use of Bioheat® as an oilheat replacement, as well as interest in renewable jet fuels, are expanding new markets for the industry.

Rehagen also reminded virtual attendees that at last year’s conference in Tampa, the industry was celebrating the recently reinstated biodiesel tax incentive, which continues to encourage growth.

“By renewing the biodiesel tax incentive through 2022, Congress sent a strong signal that it supports growth in the biodiesel market and provided a much-needed economic lifeline to biodiesel producers and farmers across this country,” he said.

Read the press release.

Listen to Rehagen’s state of the industry address:

Listen to Rehagen’s press availability with reporters: