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Industry Update

Industry Update. Scott Hughes Director, Governmental Affairs National Biodiesel Board. Dramatic Growth. Biodiesel production has doubled year over year for the past two years. Anticipate seeing continued strong growth into the foreseeable future. Estimated US Biodiesel Production.

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Industry Update

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  1. Industry Update Scott Hughes Director, Governmental Affairs National Biodiesel Board

  2. Dramatic Growth • Biodiesel production has doubled year over year for the past two years. • Anticipate seeing continued strong growth into the foreseeable future.

  3. Estimated US Biodiesel Production

  4. Estimated US Biodiesel Production 2006 est.

  5. 65 Plants BQ-9000 Accredited Producers Production Locations (4/28/06)

  6. No Window Plant Status Construction (50) Expansion (8) Biodiesel Plants Under Construction & Expansion (4/28/06)

  7. Industry Growth Drivers • Public Policy • Tax Incentive (or others) • ULSD • RFS • State Policies • Crude oil price • Feedstock prices • Economies of Scale • Distribution Costs

  8. Federal Tax Incentives • Federal volumetric tax credit has been the primary stimulant for industry growth. • Set to sunset in 2008. • Extension is our top priority. • Industry is working with stakeholders & members of Congress to extend the credit for at least 2 years.

  9. Summary • Strong interest in biofuels to enhance energy security, economic benefits, and environmental benefits. • Anticipate continued strong interest & growth. • A vibrant biofuels industry will have a direct positive impact on our national energy security, economy, and environment.

  10. For more information about biodiesel, visit the NBB’s website:www.biodiesel.org

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