September 30, 2010

June 2010 Biodiesel Production Lower

June biodiesel production continued it's slide lower. For the month production was 23 million gallons in June, down from 29 million gallons in May and 31 million gallons in April.

That is also down from 32 million gallons in June 2009 and 61 million gallons in June 2008.

Source : EIA Biodiesel Overview


Anonymous said...

I wonder why?

Michael A. Gregory said...

The biodiesel tax credit lapsed at the end of last year and hasn't been renewed yet. The entire industry was having some difficult times but there are indications that things have started to look up since the beginning of July when new RFS requirements went into effect. Hopefully the numbers will have improved when the EIA releases the July numbers.

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