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Biodiesel exec: More certainty needed

reg biodieselThe chairman of the nation’s largest biodiesel producer is calling for more “certainty” in U.S. renewable energy policy.

Jeff Stroburg of Iowa-based REG—Renewable Energy Group—says the down-to-the-wire extension of the biodiesel tax credit for 2014 is an example of the uncertainty the industry faces.

“We’re glad to see that get passed—it’s unfortunate that we didn’t get the 2105 announced,” Stroburg tells Brownfield. “Of course, the sooner we can do that, the better it is for the marketplace, because uncertainty is not good for the renewable fuels industry.”

Stroburg says the EPA’s indecision on the usage requirements in the Renewable Fuels Standard has also hurt.

“Whether you’re consuming the fuel, whether you’re manufacturing the fuel, or whether you’re an Iowa farmer that’s growing the soybean oil that goes into the fuel, we need to have more certainty around public policy,” he says. “So the sooner we can get a number on the Renewable Fuels Standard, the better.”

The 25x’25 Alliance, a group that lobbies for growth in renewable energy, is also critical of what it calls “the stop-and-go process” on renewable energy policy. The alliance says it is destabilizing the environment for investors.

AUDIO: Jeff Stroburg

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