NEWS
Thu Apr 3, 2014 01:32 PM CDT

STREATOR, Ill. (DTN) -- The U.S. Senate Finance Committee voted to reinstate a $1 gallon tax incentive for two years for biodiesel and renewable diesel Thursday, along with other incentives for other advanced biofuels.

The extensions moves on to the full Senate for consideration.

"This is the third time in five years that the biodiesel incentive has lapsed, making it incredibly difficult for biodiesel businesses to plan for expansion or build infrastructure," said Anne Steckel, vice president of federal affairs at the National Biodiesel Board in a news release today.

"We applaud the Senate Finance Committee for taking the first ...

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