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				Biodiesel production sets records
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					Posted: 
					
						Aug 17, 2011 12:53 PM
					
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					Last Updated: Mar 27, 2012 08:30 AM
				
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				<p>WASHINGTON -- U.S. biodiesel production reached a new monthly high in June of 81 million gallons, marking a third consecutive month of record volumes.</p>
<p>Biodiesel production in the first half of 2011 has already eclipsed production for all of 2010, according to the EPA.</p>
<p>Thanks to government subsides and incentives, the biodiesel industry is on track to produce at least 800 million gallons this year, more than double biodiesel production of 2010.</p>
<p>Since the introduction of the $1-per-gallon biodiesel tax credit in 2005, U.S. biodiesel production climbed steadily until 2010, when Congress allowed it to lapse temporarily.</p>
<p>Congress reinstated the tax incentive in December 2010.</p>
			
				
				
			
				
				
			
			
			
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