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National Biodiesel Board gives thumbs down to IRS for TDP ruling

The National Biodiesel Board (NBB) says that the IRS' ruling "could leave promising biodiesel industry on a 'bridge to nowhere'" thanks to a loophole in the federal tax "that was designed to stimulate an emerging technology" but is instead being used by big oil companies for their own benefit. The 2005 Energy Policy Act allows companies that make fuel via thermal de-polymerization (TDP) to get the same dollar-per-gallon incentive that biodiesel producers get for making biodiesel from agricultural resources. The IRS ruling in question expands ... Read more →

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