Source link : https://tech365.info/u-s-biodiesel-renewable-diesel-imports-fall-sharply-in-2025-after-tax-credit-score-change-cleantechnica/
Assist CleanTechnica’s work by a Substack subscription or on Stripe.
U.S. imports of biodiesel and renewable diesel considerably decreased within the first half of 2025 (1H25) in contrast with the identical interval in earlier years. This decline is primarily because of the lack of tax credit for imported biofuels and customarily decrease home consumption of those fuels.
Information supply: U.S. Vitality Data Administration, Petroleum Provide Month-to-month
Renewable diesel and biodiesel are biomass-based diesel fuels that may change petroleum-based distillate and be used to adjust to the Renewable Gas Customary (RFS) mixing necessities for refiners administered by the U.S. Environmental Safety Company.
In 1H25, U.S. biodiesel imports averaged 2,000 barrels per day (b/d), a pointy drop from 35,000 b/d in 1H24. Renewable diesel imports averaged 5,000 b/d, down from 33,000 b/d in 1H24. These import ranges have been the bottom for the primary half of any 12 months since 2012, when U.S. biodiesel consumption was lower than half of 2024 ranges and renewable diesel consumption was negligible.
One key motive for the sharp drop in biodiesel and renewable diesel imports in early 2025 is the loss in tax credit for imported biofuels. Earlier than 2025, each imported and domestically produced biodiesel and renewable diesel acquired a $1 per gallon blender’s tax credit score (BTC). The Inflation Discount Act changed the BTC with the Part 45Z Clear Gas Manufacturing Credit…
—-
Author : tech365
Publish date : 2025-09-12 10:36:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8