Policy setbacks in Washington are taking a major toll on the most successful advanced biofuel in the U.S., according to a nationwide survey of biodiesel producers released Wednesday. The survey, conducted by the National Biodiesel Board found, that nearly 80 percent of U.S. biodiesel producers have scaled back production this year and more than half have idled production at a plant altogether. Additionally, two-thirds of producers said they have already reduced or anticipate reducing their workforce as a result of the downturn. The cutbacks come in the face of a weak Renewable Fuel Standard (RFS) proposal from the EPA and Congress’ failure to extend the biodiesel tax incentive.
Posted on: Wed, 14 May 2014 17:14:44 +0000
Trending Topics
Recently Viewed Topics
© 2015