By Jacqui Fatka
Farm Progress
In 2020, domestic production of biodiesel alone exceeded 1.8 billion gallons, a hundredfold increase since the biodiesel tax credit was enacted in 2005. Thanks in part to the $1 per gallon tax credit, a new analysis calculates that the economics benefits of the market for biodiesel fuel fostered by the biodiesel tax credit supports 64,000 jobs and has a total impact on the economy of approximately $15 billion per annum.