Presentation on theme: "The Rapid Growth of Biodiesel in Illinois. Pre-2003 in Illinois Ethanol Friendly Checkoff funded biodiesel R & D B20 Alternative Fuel Status Iraq – Energy."— Presentation transcript:
How It Works at 10% DieselBiodiesel (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.
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.ilsoy.org – www.biodiesel.org (National Biodiesel Board) www.biodiesel.org Rebecca A. Richardson, CAE Director of Operations RichardsonR@ilsoy.org Mark Albertson, MBA Director of Marketing AlbertsonM@ilsoy.org
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