Biofuel In the Canola Industry and Beyond.

The biodiesel industry is currently going through many challenges and has many opportunities. The long delay in the renewal of the federal excise tax credit caused many plants to close and conserve resources while waiting for the credit to be reimplemented. Similar delays in the Renewable Fuels Standard associated with the assumptions to be used when calculating the effects of indirect land use changes are also a problem. On the plus side, the RFS mandates that significant amounts of biofuels must be blended into the national fuel supply and this promises to guarantee a substantial share of the transportation fuel market for biodiesel well into the future. The state of knowledge about producing quality fuel and ensuring a positive experience for consumers has also improved greatly in the past few years. Internationally, biodiesel has grown dramatically and its future as a renewable fuel source appears bright.