industry update
DESCRIPTION
Industry Update. Scott Hughes Director, Governmental Affairs National Biodiesel Board. Dramatic Growth. Biodiesel production has doubled year over year for the past two years. Anticipate seeing continued strong growth into the foreseeable future. Estimated US Biodiesel Production. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Industry Update](https://reader035.vdocuments.us/reader035/viewer/2022062315/5681591f550346895dc648bb/html5/thumbnails/1.jpg)
Industry Update
Scott HughesDirector, Governmental Affairs
National Biodiesel Board
![Page 2: Industry Update](https://reader035.vdocuments.us/reader035/viewer/2022062315/5681591f550346895dc648bb/html5/thumbnails/2.jpg)
Dramatic Growth Biodiesel production has doubled year
over year for the past two years.
Anticipate seeing continued strong growth into the foreseeable future.
![Page 3: Industry Update](https://reader035.vdocuments.us/reader035/viewer/2022062315/5681591f550346895dc648bb/html5/thumbnails/3.jpg)
Estimated US Biodiesel Production
0.5 2 515
2025
75
0
10
20
30
40
50
60
70
80
Mill
ion
s o
f G
allo
ns
1999 2000 2001 2002 2003 2004 2005
![Page 4: Industry Update](https://reader035.vdocuments.us/reader035/viewer/2022062315/5681591f550346895dc648bb/html5/thumbnails/4.jpg)
Estimated US Biodiesel Production
0.5 2 515 20 25
75
150
0
20
40
60
80
100
120
140
160
Mill
ion
s o
f G
allo
ns
1999 2000 2001 2002 2003 2004 2005 2006
2006 est.
![Page 5: Industry Update](https://reader035.vdocuments.us/reader035/viewer/2022062315/5681591f550346895dc648bb/html5/thumbnails/5.jpg)
Production Locations (4/28/06)
BQ-9000 Accredited Producers
65 Plants
![Page 6: Industry Update](https://reader035.vdocuments.us/reader035/viewer/2022062315/5681591f550346895dc648bb/html5/thumbnails/6.jpg)
Biodiesel Plants Under Construction & Expansion (4/28/06)
No Window
Plant Status
Construction (50)Expansion (8)
![Page 7: Industry Update](https://reader035.vdocuments.us/reader035/viewer/2022062315/5681591f550346895dc648bb/html5/thumbnails/7.jpg)
Industry Growth Drivers Public Policy
Tax Incentive (or others) ULSD RFS State Policies
Crude oil price Feedstock prices Economies of Scale Distribution Costs
![Page 8: Industry Update](https://reader035.vdocuments.us/reader035/viewer/2022062315/5681591f550346895dc648bb/html5/thumbnails/8.jpg)
Federal Tax Incentives Federal volumetric tax credit has
been the primary stimulant for industry growth.
Set to sunset in 2008. Extension is our top priority. Industry is working with stakeholders
& members of Congress to extend the credit for at least 2 years.
![Page 9: Industry Update](https://reader035.vdocuments.us/reader035/viewer/2022062315/5681591f550346895dc648bb/html5/thumbnails/9.jpg)
Summary Strong interest in biofuels to enhance
energy security, economic benefits, and environmental benefits.
Anticipate continued strong interest & growth.
A vibrant biofuels industry will have a direct positive impact on our national energy security, economy, and environment.
![Page 10: Industry Update](https://reader035.vdocuments.us/reader035/viewer/2022062315/5681591f550346895dc648bb/html5/thumbnails/10.jpg)
For more information about biodiesel, visit the NBB’s
website:
www.biodiesel.org