New Report: Iowa’s Biodiesel Sales Triple Over Two-Year Span
April 1, 2013
Press Contact: Monte Shaw
State Report Shows Greater Market Penetration and Higher Average Blend Levels
JOHNSTON, IA – The Iowa Renewable Fuels Association (IRFA) today announced that the total amount of biodiesel blended into diesel in Iowa has more than tripled from 7.4 million gallons in 2010 to 23.3 million gallons in 2012, according to data recently released by the Iowa Department of Revenue (DOR).
According to the DOR data, biodiesel’s market penetration has also made great strides, with biodiesel now blended in 42.6 percent of all Iowa diesel sales, an increase of more than 10 percent since 2010. Of those sales, the average biodiesel content has more than doubled since 2010 from 3.1 percent to an 8.1 percent blend of biodiesel.
“Based on the data, it’s obvious that both retailers and consumers are realizing the benefits of biodiesel, and that’s a win for Iowa,” stated IRFA Communications Director T.J. Page. “Taking into account the switch in the state’s retailer tax credit from being applied to a 2 percent biodiesel blend to a 5 percent biodiesel blend and the continued support of the Renewable Fuel Standard (RFS), I expect biodiesel sales to continue on this upward trajectory and grow dramatically in the coming years.”
To view the entire Iowa Department of Revenue report, please click here.
Iowa is the leader in renewable fuels production. Iowa has 12 biodiesel facilities with the capacity to produce 315 million gallons annually. In addition, Iowa has 41 ethanol refineries capable of producing over 3.7 billion gallons annually, with one wet mill and two cellulosic ethanol facilities currently under construction
The Iowa Renewable Fuels Association was formed in 2002 to represent the state’s liquid renewable fuels industry. The trade group fosters the development and growth of the renewable fuels industry in Iowa through education, promotion, legislation and infrastructure development.