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National Biodiesel Board Meets on Renewable Fuel Standard

National Biodiesel Board Meets on Renewable Fuel Standard

24 June 2014

US - The National Biodiesel Board (NBB) held its board meeting in Washington, D.C. and focused on the Renewable Fuel Standard (RFS) volume requirements for 2014.

EPA’s initial goal was to have the final rule in place by June 20, but they still have not submitted a draft to the White House for review and reports indicate that it will now be August or September before it is transmitted or finalized.

The American Soybean Association met with the Director of Rural Affairs for the White House Domestic Policy Council, which has input into the RFS decisions.

Other topics discussed at the NBB meeting were the efforts to reinstate the biodiesel tax credit and concern for the potential of imports of biodiesel from Argentina to flood the US market and undercut domestic production.

Tom Hammer, president of the National Oilseed Processors Association (NOPA), spoke at the NBB meeting on the trade distorting impact of Argentine Differential Export Taxes (DETs) and the artificial advantage they provide to soybean products exported from that country.

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