Biotech Updates

US Biodiesel Production Breaks the One Billion Mark

January 30, 2013
http://domesticfuel.com/2013/01/23/biodiesel-production-exceeds-1-billion-gallons/

The Environmental Protection Agency (EPA) of the United States reported that the country's total biodiesel production in 2012 was 1.1 billion gallons, slightly exceeding the national target and the 2011 production. The month of December posted the lowest monthly volume of 59 million gallons, which was attributed to a year-end slump in which biodiesel production dropped significantly as Congress failed to renew the biodiesel tax incentive. However, a rebound is expected this year with the renewal of the $1-per-gallon incentive as part of the fiscal cliff legislation.