A mentor in graduate school would refer to every obstacle or challenge faced as an opportunity. Using his philosophy, the biodiesel industry has had its fair share of “opportunities” in 2017.
As a quick primer, the Renewable Fuel Standard (RFS) was signed into law a decade ago. It has been a significant market driver for expansion of the U.S. biodiesel industry. Under the statute, a minimum number of gallons of biodiesel to be blended into our nation’s energy supply will be determined on an annual basis. The United States Environmental Protection Agency (EPA) Administrator Scott Pruitt is required to examine market factors outlined in the statute when making this decision and is expected to consult with the Secretaries of Agriculture and Energy.