The American Soybean Association (ASA) and the National Biodiesel Board (NBB) are pleased that the United States House of Representatives has passed, by a vote of 249 to 183, energy legislation that includes a Renewable Fuels Standard (RFS) that would grow to 5 billion gallons by 2012. Soon the U.S. Senate will move forward with companion legislation.

"Soybean farmers appreciate the work that went into this House legislation," said ASA president Neal Bredehoeft, a soybean producer from Alma, Mo. "This is a big step forward in the process of developing a comprehensive energy package that encourages the use of renewable fuels like biodiesel."

The ethanol and biodiesel industries have undergone unprecedented growth over the past several years. In fact, the U.S. currently has the capacity to produce more than 3.7 billion gallons of ethanol and biodiesel, and plants under construction will add an additional 700 million gallons of capacity by the end of the year. Most of this growth has been in farmer-owned plants, which, taken as a whole, now represent the single largest producer in the country.

Source: Association Release