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The Rapid Growth of Biodiesel in Illinois. Pre-2003 in Illinois Ethanol Friendly Checkoff funded biodiesel R & D B20 Alternative Fuel Status Iraq – Energy.

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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:

1 The Rapid Growth of Biodiesel in Illinois

2 Pre-2003 in Illinois Ethanol Friendly Checkoff funded biodiesel R & D B20 Alternative Fuel Status Iraq – Energy Security

3 PA Signed 6/11/03

4 How It Works at 10% DieselBiodiesel (B2) $2.45 Ret. Cost f/Diesel 2.40 Biodiesel ($3.30) Federal Tax Subtotal % IL Sales Tx 5% IL Motor Fuels Tx.22 $3. 08 Total $3.07

5 How It Works 11% Diesel Biodiesel (B11) $2.45 Ret. Cost for Diesel $2.18 Biodiesel ($3.30) Federal Tax Subtotal % IL Sales Tx 0%.0.22 IL Motor Fuels Tx.22 $3.08 Total $3.00

6 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.

7 IL 63

8 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

9 What s Ahead Challenges Terminal Infrastructure Building production capacity Quality of fuel Naysayers Harder to market than gasoline Feedstock sourcing ULSD

10 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

11 Thank You! Sources of Information – (Illinois Soybean Association) – (National Biodiesel Board) Rebecca A. Richardson, CAE Director of Operations Mark Albertson, MBA Director of Marketing


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