The Rapid Growth of Biodiesel in Illinois. Pre-2003 in Illinois Ethanol Friendly Checkoff funded...
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Transcript of The Rapid Growth of Biodiesel in Illinois. Pre-2003 in Illinois Ethanol Friendly Checkoff funded...
The Rapid Growth ofBiodiesel in Illinois
Pre-2003 in Illinois
Ethanol Friendly Checkoff funded biodiesel R & D B20 Alternative Fuel Status Iraq – Energy Security
PA 93-0017 Signed 6/11/03
How It Works at ≤ 10%
Diesel Biodiesel (B2)
$2.45 Ret. Cost f/Diesel 2.40
Biodiesel ($3.30) .07
.24 Federal Tax .24
2.69 Subtotal 2.71
.17 6.25% IL Sales Tx 5% .14
.22 IL Motor Fuels Tx .22
$3. 08 Total $3.07
How It Works ≥ 11%
Diesel Biodiesel (B11) $2.45 Ret. Cost for Diesel $2.18
Biodiesel ($3.30) .36 .24 Federal Tax .24
2.69 Subtotal 2.78
.17 6.25% IL Sales Tx 0% .0 .22 IL Motor Fuels Tx .22 $3.08 Total $3.00
Estimated 2006 Usage in Illinois
1.5 billion gallon diesel market Goal: Capture 10% market for biodiesel (150
million gallons) In 2006, estimated usage of 63 million gallons
in Illinois 25% of 250 mg produced in U.S.
IL
63
95th General Assembly
SB649 – Senator John Sullivan Calls for labeling of pumps dispensing
biodiesel at blends 6-20% by July 1, 2008 Signed by Governor August 28, 2007
What’s Ahead
Challenges Terminal Infrastructure Building production capacity Quality of fuel Naysayers Harder to market than gasoline Feedstock sourcing ULSD
What’s Ahead
Opportunities Illinois a transportation hub Ethanol has paved the way Need for energy security widely acknowledge Positive energy balance Safe and easy to implement Replaces lubricity in ULSD
Thank You!
Sources of Information– www.ilsoy.org (Illinois Soybean Association)– www.biodiesel.org (National Biodiesel Board)
Rebecca A. Richardson, CAE
Director of Operations
Mark Albertson, MBA
Director of Marketing