Study shows 40A biodiesel blenders credit provides more value than 45Z
In Virginia, a new independent study commissioned by NATSO, representing America’s travel centers and truck stops, SIGMA: America’s Leading Fuel Marketers, and the National Association of Convenience Stores (NACS) finds that the Section ’40A’ Biodiesel Blenders’ Tax Credit (BTC) delivers significantly more value across the entire biofuel supply chain than its replacement, the ‘Section 45Z’ Clean Fuel Production Credit. The report, prepared by GlobalData, a leading energy research and analytics firm, finds that nearly 70 percent of the Biodiesel Tax Credit value flowed through the supply chain to blenders and consumers, ranking it among the most consumer-friendly biofuel policies. The report titled, “Tax Credit Impact on U.S. Biofuels,” analyzes the impact of biofuel tax credits and how their value is shared throughout the supply chain to the benefit of farmers and consumers.
Category: Policy
