Oleochemical Makers Fear Oil Tax Break | June 4, 2007 Issue - Vol. 85 Issue 23 | Chemical & Engineering News
Volume 85 Issue 23 | p. 25
Issue Date: June 4, 2007

Oleochemical Makers Fear Oil Tax Break

Manufacturers claim loophole favors big oil companies, threatens tallow supply
Department: Business, Government & Policy

U.S. OLEOCHEMICAL EXECUTIVES say a federal tax incentive meant to encourage the production of renewable biofuels is having the unintended consequence of threatening the continued existence of their industry.

Joined by small biodiesel refiners, oleochemical makers say they are under threat by large integrated oil companies that have gained access to a federal tax incentive designed to stimulate renewable diesel production. The two groups have teamed up to support legislation to stop oil companies from . . .

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