Steve Klein is Senior Manager, Marketing, at Renewable Energy Group, which is North America's largest producer of biodiesel. He leads the company's efforts to promote the economic and value-added benefits of integrating biodiesel into distributor and retailer fuel programs.
Prior to joining REG in 2019, Steve worked for Syngenta in a variety of sales and marketing leadership roles. He holds a master’s degree in Agronomy and Crop Science from Iowa State University in addition to a bachelor’s degree from Utah State University.
You’re probably aware that the biodiesel tax credit (BTC) is worth $1 per gallon and helps lower the cost of biodiesel. You may also know that it was recently reinstated — retroactively for 2018 and 2019, and also through 2022.
But how exactly does that benefit truckstops?
Electric vehicles may be the shiny new object, but speakers at the National Biodiesel Conference & Expo in January confirmed that the diesel engine will continue dominating the market for a long time.
John Eichberger, Executive Director of the Fuels Institute, illustrated this point with federal data:
77% of all distillate energy is used by the over-the-road freight market.
A 14% increase in registered diesel vehicles is expected by 2035 — including more passenger models.
Diesel vehicle miles traveled are projected to increase 23% by 2035. More