Logo

Action Center

Your Participation is Requested to Support Tax Incentives for Biodiesel Production
Hello Team Albert Lea – We are asking for your help to urge your U.S. Senators, Sen. Tina Smith and Sen. Amy Klobuchar,  to support equal tax treatment of biofuels. This will safeguard U.S. production of biodiesel that plays an outsized role in decarbonizing the U.S. transportation sector today.  We have made outreach efforts easy and you will find more information below.

The Issue
Congress is considering the large budget reconciliation package known as the “Build Back Better Act”.  Provisions in the bill extend the $1 per gallon blenders tax credit that both biodiesel and renewable diesel enjoy today and is a key element to help REG bring these low carbon fuels to the market.  HOWEVER,  the bill would also grant Sustainable Aviation Fuel (SAF) additional tax incentives that are much more generous than those offered for renewable diesel or biodiesel.  Today, most SAF, biodiesel and renewable diesel fuel are derived from the same feedstocks.  However, SAF typically emits higher greenhouse gases than biodiesel or renewable diesel fuel because more energy is required to produce the fuel and less fuel is derived from feedstocks. 

Additional tax incentives afforded to SAF may likely result in large scale feedstock diversion to SAF that limits value creation for biodiesel produced at Albert lea and dilutes greenhouse gas emissions. Over incentivization of SAF could result in financial hardship for many of REG’s production facilities in the U.S.

Advocacy Campaign
We are urging all of you to  contact your Senators to ask that all lower carbon biofuels – SAF, biodiesel and renewable diesel – receive equal tax treatment under the Build Back Better Act.  We have made the process easy for you.  Through our VoterVoice Action Center off to the right,  you will find a pre-drafted e-mail that you can send directly to Senators Amy Klobuchar and Tina Smith. If you choose, you may also call the Senators’ offices and we have provided a pre-drafted script for you as well.  Participation is by no means required but we urge you all to participate in this grassroots effort to keep fuel flowing from our U.S. production facilities.

Please contact Ezra Finkin (ezra.finkin@regi.com) if you have any questions or concerns.

 

 

 

    Subject
    Message Body
    Tweet
    Suggested Message
    Post
    Remaining: 0
  • Hide
    • Please call this number:

      Please do not close this window. You will need to come back to this window to enter your code.
      We just sent an email to ... containing a verification code.

      If you do not see the email within the next five minutes, please ensure you entered the correct email address and check your spam/junk mail folder.
      Enter Your Info
      Your Information
      Home Information

      Enter Your Info