Renewable Fuel Standard (RFS)
The Renewable Fuel Standard (RFS) is a federal program that requires
transportation fuel sold in the United States to contain a minimum volume of renewable fuels.
Biodiesel Tax Incentive
Established in 2005, it gives blenders of biodiesel a $1.00 per gallon tax credit for the
blending of pure biodiesel or renewable diesel that met ASTM standards.
Biodiesel Fair Trade
From 2014 to 2017, massively subsidized Argentine and Indonesian biodiesel imports
were sold in the U.S. below fair value, injuring U.S. biodiesel producers. The imports stopped only when the U.S. Department of Commerce (DOC) imposed antidumping (AD) and countervailing duty (CVD) orders on the countries.
RFS Small Refiner Exemptions
EPA is considering granting a record 38 retroactive small refinery
exemptions from the 2018 RFS volumes. Retroactive exemptions have reduced past biodiesel obligations by more than 360 million gallons; the RINs returned to refiners are sold or carried forward, destroying demand for biofuels in the present year.
Farm Bill biofuel programs help expand new markets for U.S. agriculture by building support for advanced
biofuels like biodiesel.