Looks like the EPA finally was able to push RFS2 through. Biodiesel from WVO and Poultry fat scores a 87% on Greenhouse Gas Reduction compared to diesel. RINS ticked up a couple of cents but the real question will be if EPA will enforce 2009 and 2010 RINS. Without enforcement the RINS will stay low. In our opinion without the $1 tax credit from the IRS, biodiesel will never hit the RFS2 requirement of of 1.1billion gallons for 2009 and 2010. Will RINS replace the $1tax credit? Some feedback we have received is it might get to $.60 to $.80 in the tax credits absence but even still it is hard to see biodiesel as competive as something you can pump out of the ground.
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