The latest Short-Term Energy Outlook from the Energy Information predicts growth in biodiesel production through 2022. EIA expects biodiesel production will increase by nearly 4% this year and an additional 6% in 2022, driven largely by increasing RFS targets and the existence of the biodiesel production tax credit through 2022. EIA assumes future RFS targets will primarily affect biomass-based diesel production and net imports, which help to meet multiple RFS targets for biomass-based diesel, advanced biofuel, and total renewable fuel as well as California Low Carbon Fuel Standard requirements.
National Biodiesel Board Technical Director Scott Fenwick explored the rising volumes of biomass-based diesel during the 2021 National Biodiesel Conference and Expo with Foster Clark of Marathon Petroleum Corporation and Gene Gebolys of World Energy.
In this interview, Fenwick talks about the opportunities for the industry as biomass-based diesel volumes are on the rise.