The Internal Revenue Service on Jan. 16 issued guidance for fuel retailers and blenders seeking to claim the biodiesel tax credit for years 2018 and 2019. Fuel retailers who have purchased […]
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Managing Renewable Fuel in an Evolving Atmosphere
While the IRS Biodiesel Blender’s Tax Credit is a national issue, there are some issues that are more state specific.
Considerations for California Fuel Retailers Who Wish to Take Advantage of Biodiesel Benefits
In April, I had the pleasure of presenting a webinar to the California Fuels & Convenience Alliance webinar on Best Practices for Your Biodiesel. More biodiesel production is being pushed into California due to favorable State policies and incentives. The California Air Resources Board’s (CARB) Low Carbon Fuel Standard (LCFS) have added to the economic incentives for investing in biodiesel.
Here are a few of the important factors I shared with listeners:
Where to Start
For those considering biodiesel, I suggest you review your supply options, particularly those that are nearby, and determine how far they are from a terminal or rail as well as how much space they have to store product and any infrastructure they need. You want to calculate what this is going to do for your margins and these are estimates.
Next, operators must obtain an IRS 637M blender’s license and become registered under U.S.EPA Renewable Fuel Standard as a RIN Owner. Alt Fuels staff are assisting clients with these preliminary steps daily…
Tips for Preparing to Store, Blend and Distribute Biofuels at Your Truckstop
There is a long process a gallon of fuel goes through before it flows through the nozzle at the pump, and it is crucial that fuel remains on spec.
Five Things Truckstop Operators Need to Know About Renewable Fuels
For more than a decade, the federal Renewable Fuel Standard (RFS) program has required fuel refiners and importers to incorporate an increasing volume of renewable fuel annually. For truckstop and travel plaza operators, the standard can create several benefits.
Here are the top things operators need to know about the Renewable Fuels Standard.