FOR IMMEDIATE RELEASE                                                 

Press Contact: Monte Shaw

August 1, 2012

515-252-6249

Iowa Biodiesel Production Continues to Grow in Second Quarter

Increased Production Good News for Drivers and Livestock Producers

JOHNSTON, IA – The Iowa Renewable Fuels Association (IRFA) announced today that biodiesel production increased in the second quarter compared to the first three months of 2012. According to figures released by the Iowa Department of Revenue (DOR), 10 Iowa biodiesel plants produced more than 54.9 million gallons from April through June, up from the 41.8 million gallons produced in the first quarter of the year.

         “If these levels hold, Iowa will set a biodiesel production record in 2012 of around 200 million gallons,” said IRFA Executive Director Monte Shaw. “And it is important to remember that demand for soybean oil used to produce biodiesel helps lower the cost of soybean meal that livestock feeders are purchasing.”

          In 2011, the Iowa Legislature enacted a short-term, modest biodiesel production tax credit to help Iowa’s biodiesel community compete against states that provide large biodiesel incentives. The Iowa program went into effect on January 1, 2012.

          A study released earlier this year by economist John Urbanchuk, technical director of Cardno ENTRIX, found that biodiesel production:

• Supported 7,350 Iowa jobs;
• Boosted Iowa GDP by nearly $600 million; and,
• Generated $350 million in additional Iowa household income.

The complete study can be found at:  www.iowarfa.org/RenewableFuelsPowerIowaEconomyThroughRecession.php

          Iowa is the leader in renewable fuels production. Iowa has 41 ethanol refineries capable of producing nearly 3.7 billion gallons annually. In addition, Iowa has 13 biodiesel facilities with the capacity to produce 320 million gallons annually.

          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.

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For more information, visit the Iowa Renewable Fuels Association website at: 

www.IowaRFA.org

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For more information, visit the Iowa Renewable Fuels Association website at: www.IowaRFA.org