Biofuel Blenders’ Credit Isn’t Coming Back, Energy Adviser Says

Don’t count on a return of the Biodiesel Blenders’ Tax Credit that renewable fuel producers relied on for decades, according to industry adviser Anthony Reed of FGS Global.

• “It’s impossible. It’s not coming back,” Reed told attendees at a Fastmarkets biofuel conference in Chicago on Tuesday
• Key lawmakers in Congress have made it “abundantly clear” they are not bringing back the BTC, said Reed, who previously worked on extensions of the tax credit for 20 years
• NOTE: Widespread confusion within the industry over the status of a Biden-era biofuel production tax credit, known as 45Z, has prompted calls for at ...