Iowa Biodiesel Production Reaches Record High
August 22, 2013News article: http://www.biofuels-news.com/industry_news.php?item_id=6618
News article: http://kmaland.com/00436_Biodiesel_production_hits_record_072334.asp
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In the United States, the state of Iowa has set a record high production of biodiesel in this year's second quarter, attributing the success to a strong federal mandate and tax incentive system.
Nine plants in the state produced nearly 57 million gallons of biodiesel in three months, according to the Iowa Renewable Fuel Association (IRFA). A record figure of 99.5 million gallons of biodiesel was also posted in the first six months of the year.
IRFA has attributed this record high production to the combined effect of a strong federal Renewable Fuel Standard (RFS) and reinstatement of the Biodisel Tax Credit. IRFA claims that the implementation of a strong RFS program and tax incentive system has allowed the renewable fuel to compete with petroleum.
Known as a biofuel hub in the US, the state of Iowa has 12 biodiesel facilities with the capacity to produce nearly 315 million gallons annually. In addition, it has 41 ethanol refineries capable of producing over 3.7 billion gallons per year.
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