Anne Steckel Vice President of Federal Affairs National Biodiesel Board

Biodiesel and the Advanced Biofuel Market

Objectives

› Context – The goal that we collectively share

› Biodiesel defined

› How did we get here?

› Impact of biodiesel to economy and consumers

› Next steps

Diversification = Energy Affordability

Biodiesel = Feedstock Diversity

Biodiesel = Nationwide Production

Biodiesel = American Jobs

21,284

12,407

31,227

39,027

50,725

62,421

74,118

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

2009 2010 2011 2012 2013 2014 2015

Employment (Jobs) Income (Mil 2009$)

Manufacturers Support Biodiesel

Biodiesel Users

Biodiesel = RFS Success Story

Biodiesel 87%

Other 13%

2012 Advanced Volume Requirement

› Filling most of Advanced Bucket

Policy Support

›RFS: Establishes annual volume requirements ›Minimum of 1 billion gallons per year for Biomass-based Diesel ›Annual volume increases based on feedstock supply, industry capacity, economics, etc.

›Biodiesel Tax Incentive ›$1 per gallon blending credit ›Also applies to renewable diesel and biojet

0

0.2

0.4

0.6

0.8

1

1.2

1.4

2005 2006 2007 2008 2009 2010 2011 2012 2013

Bill

ion

Gal

lon

s US Biodiesel Production

Takeaways

› Fuel diversity is critical to energy affordability

› Federal policy & regulatory support remains important

› Manufacturing partnerships are key

› Biodiesel is uniquely positioned

Feedstock diversity is an advantage

Nationwide constituency of producers / employers

Anne Steckel Vice President of Federal Affairs

@annesteckel

202-737-8801

asteckel@biodiesel.org