Biodiesel Production On The Rise

August 23, 2011 -- U.S. biodiesel production reached a new monthly high of 81 million gallons in June according to the latest Environmental Protection Agency (EPA) statistics. This marks the third consecutive month of record volumes and continues a remarkable turnaround in which biodiesel production in the first half of 2011 has already eclipsed production for all of 2010.

The new numbers — coming after Congress reinstated the biodiesel tax incentive this year — demonstrate the power that strong domestic energy policy can have in helping create jobs and economic activity.

Despite the weak economy, the biodiesel industry is on track to produce at least 800 million gallons this year, more than double the 315 million gallons of biodiesel produced last year, when Congress allowed the biodiesel tax incentive to temporarily lapse.

According to a recent economic study, this year's rejuvenated production will support more than 31,000 U.S. jobs and generate income of nearly $1.7 billion to be circulated throughout the economy.