2013: A Year For Record Growth

摘要

2013 started with a bang as Congress voted on New Year's Day to pass one of die industry's top objectives—an extension of the biodiesel tax incentive that had expired a year earlier. The extension was retroactive, covering 2012 and 2013 production. This came just months after our success on the 2013 volume increase under the renewable fuel standard (RFS). Passage of die incentive meant the policy tools were in place for an incredibly successful year, and as expected, the industry shattered previous production records. The year was one of the most challenging, yet successful years on record for the industry. We saw intense and sustained attacks to the RFS dirough political, public relations, and legal challenges. The year started off at harvest time having suffered through one of die worst droughts in decades. Liquidity had not fully returned to the RIN market due to previous year's RIN fraud cases, and the biodiesel tax incentive had been lapsed for nine months. The industry, however, was able to overcome these significant challenges and achieve nearly complete success on all of our major priorities, setting the stage for continued industry growth.