On December 19, Congress approved a set of government funding packages that re-authorized two tax credits critical to the biofuels industry: the biodiesel tax credit and the second-generation biofuels tax credit. These tax credits have been waiting to be extended since they expired in 2017 and include renewal of a $1 per gallon tax credit for biodiesel through the end of 2022, and $1.01 credit for second-generation biofuels through 2020. By extending these credits, Congress has provided biofuels producers the certainty they need to plan for the future and invest in innovation that helps grow rural economies.

Growth Energy was pleased to join a group of industry associations in November in sending a letter to Congressional leadership asking for these credits to be extended and welcomed the great news for the biofuels industry. We applaud our champions in Congress for their continued efforts in fighting for rural America and for taking up this critical issue.

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As @USDA looks to the future, I’m thrilled to see them prioritize biofuels—a cleaner, more affordable choice at the pump. #E30 by 2050 would be a boon for Iowa’s farmers & biofuels producers—while increasing the production of renewable fuels and better protecting our environment. https://t.co/McLxPMpUPn

via @SenJoniErnst

Biofuel leaders @EthanolRFA & @GrowthEnergy welcome’s @USDA plan to help US farmers lead the fight against climate change, including rapid growth in low-carbon #biofuels https://t.co/I4wselhkb3

via @FuelsAmerica

@IowaAgRadio Check out more from their interview following @USDA's unveiling of their Agriculture Innovation Agenda at the 96th Annual #AgOutlook Forum: iowaagribusinessradionetwork.com/secretary-perd…

via @GrowthEnergy

“It’s exciting to see the USDA come out with an innovative agenda that recognizes, encourages, and accelerates agriculture’s ability to address climate change constructively, while doing fantastic things for the farming community.” - CEO Emily Skor told @IowaAgRadio today.

via @GrowthEnergy