Illinois legislators extend biodiesel program for five years
Online Staff Report
SPRINGFIELD, Ill. — Members of the Illinois House and Senate recently approved the extension of the state’s biodiesel blending program.
Senate Bill 397 passed the full Illinois Senate by a vote of 44-9 Dec. 13. The bill extends the sunset date for the biodiesel state sales tax incentives to Dec. 31, 2018. With the extension, any biodiesel blend of more than 10 percent continues to be eligible for fuel tax exemption.
“On behalf of our employees, vendors and customers, Renewable Energy Group applauds the Illinois legislature for promoting green collar jobs, Illinois agriculture, rural economic development and sound environmental policy,” said the company’s president & CEO, Daniel J. Oh.
The Renewable Energy Group (REG) markets biodiesel from its REG Danville (45 mmgy capacity) and REG Seneca (60 mmg capacity) facilities as well as several Chicago-area terminal locations.
“Since Illinois’ inception of the B11 blending credits in 2004, more biodiesel has been blended in Illinois annually than in any other state. By extending the biodiesel tax abatement for B11 and higher blends through 2018, the Illinois legislature showcases its commitment to more than 1,500 green collar jobs in the state,” said Oh, citing data from a recent Illinois biodiesel economic impact study by CardnoENTRIX.
“We appreciate the support of our partners at the Illinois Soybean Association, Illinois Corn Growers and the House and Senate members from our plant districts for continuing Illinois’ leadership in the biodiesel industry” said Oh.
The biodiesel industry generated $1.5 billion of household income, and was responsible for more than $2.6 billion of Illinois Gross Domestic Product between 2004 and 2010.
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