NEWS
Myke Feinman Refine Fuels Reporter
Fri Sep 13, 2013 02:38 PM CDT

STREATOR, Ill. (DTN) -- Uncertainty surrounding the extension of the $1-per-gallon biodiesel blender's credit and the finalization of a Renewable Identification Number quality assurance program could cloud the biodiesel industry's outlook, according to a National Biodiesel Board representative.

Richard Nelson presented a webinar Friday to update petroleum dealers on the Renewable Fuel Standard, RINs and the tax credit, which the Internal Revenue Service refers to as the Biodiesel Mixture Excise Tax Credit.

The tax credit is slated to expire at the end of this year. Congress reinstituted the credit at the start of this year, retroactive to Jan. 1, 2012.

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