Missouri lawmakers updated the biodiesel production tax credit to make it easier for biodiesel plants to use.
Having the production tax credit in place makes soybean oil more affordable for biodiesel producers, because of competition from oil refiners to use the feedstock for other fuels like renewable diesel.
Missouri Soybean Association Public Policy Director Casey Wasser says the funding cap increased to $5.5 million in the omnibus ag bill.
“We have about $250 million gallons of production in this state.
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