NEWS
Wed May 14, 2014 03:27 PM CDT

STREATOR, Ill. (DTN) -- The $1-per-gallon tax credit for blending biodiesel or renewable diesel into petroleum-based diesel that lapsed Dec. 31, 2013, has resulted in nearly eight out of 10 production plants across the United States scaling back production with nearly six out of 10 of those plants now idled, according to a survey released Wednesday, May 14, by the National Biodiesel Board.

Two-thirds of producers said they have already reduced or anticipate cutting their workforce as a result of the downturn.

The survey of NBB members was conducted between Apr. 14 and Apr. 25. Fifty-four biodiesel producers from across ...

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