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Record highs for biodiesel production
The biodiesel industry is making leaps and bounds since Congress reinstated the tax incentive this year that it had allowed to lapse for the previous year.
The National Biodiesel Board says U.S. biodiesel production reached a new monthly high in June of 81 million gallons, according to EPA stats. That is the third consecutive month of record volumes. And, the NBB says that the industry is on track to produce at least 800 million gallons this year, despite the weak economy. That is double the biodiesel production of 315 million gallons last year during the temporary suspension of the tax credit.
The NBB says a recent study shows the industry supports over 31,000 jobs and contributes $1.7 Million to the economy.
The story above is very positive but I would think that the industry contributes quite a bit more than $1.7 million to the economy. That figure looks a little low to me. Maybe it just means in payroll?