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Tenth Biodiesel Plant Closes Amid 22-Month Lapse in Tax Credit

Nov. 14, 2019, 5:39 PM

Indiana-based Integrity Biofuels announced it is idling production and has begun laying off workers, becoming the tenth such biodiesel plant to close or cut back production this year.

Move comes amid increasing industry anxiety about the prospects for reauthorization of a $1 per gallon biodiesel tax credit that lapsed Jan. 1, 2018 and has gone through at least four other expire-and-renew cycles

Many biodiesel producers have lowered prices to incorporate the value of that credit in the meantime, anticipating they would eventually be made whole by Congress retroactively renewing the credit again.

Biodiesel, made from soybean oil, recycled cooking oil...

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