Renewable Diesel: The Next Generation Of Biofuels
The IRS and U.S. Department of the Treasury released on Dec. 15, 2023, Notice 2024-06 regarding Section 40B of the Internal Revenue Code. Effective for fuel mixtures sold or used after Dec. 31, 2022, and before Jan. 1, 2025,...more
Find out why knowing the difference between renewable diesel and biodiesel can go a long way in understanding the benefits of each....more
Steve Roberts, Director in Opportune LLP’s Process & Technology practice, discusses the difference between biodiesel and renewable diesel, renewable diesel’s growth prospects, and how some oil refineries are repurposing...more
If companies want to capture the value and ultimately profit from the projected growth in renewable diesel, they’ll need to understand their netback....more
On September 12, 2016, the Biodiesel and Renewable Diesel Incentive Extension Act of 2016 (H.R. 5994) was introduced to the House of Representatives and referred to the House Committee on Ways and Means. The bill was...more
On October 13, 2015, the U.S. Environmental Protection Agency (EPA) issued a notice inviting comments on its analysis of the greenhouse gas (GHG) emissions attributable to the production and transport of jatropha curcas...more
Last week the IRS released an internal memorandum addressing which of the parties to a contract manufacturing arrangement for biodiesel is treated as the “producer” of the biodiesel for certain federal tax purposes....more