The future is looking brighter for biodiesel fuel, a renewable and clean-burning diesel made from recycled cooking oils, soybean oil, and animal fats. Classified as an advanced biofuel by the Environmental Protection Agency (EPA), biodiesel reduces greenhouse gas emissions by 57 percent to 86 percent, compared to petroleum diesel, and also reduces U.S. dependence on petroleum imports.
Produced on commercial scale for only about a decade, the market has grown from about 25 million gallons in the early 2000s to 2.6 billion gallons in 2016, with a goal of producing 10 percent of the annual on-road diesel market by 2022, according to the National Biodiesel Board.
In a positive development for the industry, the EPA recently proposed an increase in the renewable volume obligations - the target set under the Renewable Fuel Standards program for diesel refiners or importers – from 2.1 billion gallons to 2.43 billion in 2020 for biomass-based diesel, and an increase in the advanced biofuel category, for which biodiesel qualifies, from 4.29 billion gallons in 2018 to 4.88 billion in 2019.
Biodiesel’s clean-burning properties appeal to environmentally aware consumers. Wyoming’s Beartooth Basin Summer Ski Area announced that as of June 2018, it will become the first ski area in the U.S. to operate all lifts on biodiesel. Initially, the equipment will run a blend of 20 percent locally produced biodiesel and 80 percent regular diesel, increasing up to a possible 100 percent biodiesel, depending on how the generator performs under changing weather conditions.
American Diversified Energy (ADE) gives you access to over 150 experts, who can provide assistance on everything from due diligence to advancing new technologies related to all aspects of biodiesel fuel and the bioeconomy. ADE also can provide assistance with feasibility studies, annual reports, securing grants and guaranteed loans, responses to requests for proposals, creation and production of multiple types of business publications, business plans, financial models, financial presentations, business case and market analyses, technology development, engineering assistance, project management, government relations, and lobbying, and more. Feel free to contact or call us at 202-750-0007 for more information.
