The National Biodiesel Board, headquartered not far from the President’s planned visit on Wednesday, hopes for reinstatement of the biodiesel tax incentive

 

 

 

JEFFERSON CITY, MO -- With President Obama scheduled tomorrow to tour an ethanol plant in Macon, Missouri, the National Biodiesel Board (NBB) – located less than 100 miles to the south – pleaded for the White House to help Congress finish the job on the lapsed biodiesel tax incentive and put industry employees back to work.

“We are pleased the President continues to demonstrate his support for the biofuels industry,” said Joe Jobe, National Biodiesel Board CEO, from the group’s headquarters in Jefferson City. “But we also need him to remind Congress that their inaction to reinstate the biodiesel tax incentive could cost the country tens of thousands of jobs. They must act now before America loses its only commercially available Advanced Biofuel.”

 

Congress failed to reinstate the biodiesel tax incentive for 2010 before it expired at the end of last year. As a result, domestic biodiesel production has plummeted, employees at biodiesel manufacturing plants have been laid off and in some cases, plants have ceased operations all together.

 

“All the industry needs is a little help from Washington to keep American made biodiesel competitive with foreign oil,” Jobe said. “Biodiesel dramatically reduces carbon pollution, lessens our dependence on foreign oil and employs thousands in green jobs across the country. But without reinstatement of the tax incentive, the industry is barely surviving.”

 

NBB has not been alone in the push to reinstate the tax incentive. Earlier this month, representatives of fuel marketers and retailers joined agricultural organizations and the NBB to demand immediate action from Congressional leaders.

 

“The lapse of the biodiesel tax incentive and the resulting decline in customer demand is undermining the ability of fuel retailers and marketers to offer Advanced Biofuels like biodiesel to the public,” they wrote in a letter to the U.S. House and Senate leadership. “The longer the biodiesel tax incentive is allowed to lapse, the more difficult it will be to restore consumer confidence in the availability of this worthwhile fuel.”

 

Obama is reportedly planning to visit Poet Biorefining in Macon as part of his “White House to Main Street Tour” through Missouri, Iowa and Illinois. Following the Democratic Convention in 2008, Obama and Joe Biden made one of their first trips as nominees to Pennsylvania Biodiesel near Pittsburgh.

 

“Now we hope he will take a trip up Pennsylvania Avenue to encourage Congress to put Americans in the biodiesel industry back to work by immediately reinstating the tax incentive,” Jobe said.

 

Both the House and Senate have passed bills to retroactively extend the biodiesel tax incentive.  However, the two chambers must still reconcile the differences between the two versions of the bill before it can be sent to the President to be signed into law.

 

-###-

The NBB is the national trade association of the biodiesel industry and is the coordinating body for biodiesel research and development in the U.S. NBB’s membership is comprised of biodiesel producers; state, national, and international feedstock and feedstock processor organizations; fuel marketers and distributors; and technology providers.

Additional information about biodiesel can be found at http://www.biodiesel.org

 

 

 

 

MEDIA CONTACT
Jessica Robinson
w800-841-5849/c573-821-1172