US Biodiesel and Ag Groups Try to Block Palm Oil

The Des Moines Register reports that the American Soybean Association and the National Biodiesel Board are attempting to have the IRS explicitly exclude palm oil from the list of virgin oils to which the new biodiesel tax credit applies.

The two groups are concerned about the potential for lower-cost palm oil, imported from Malaysia and Indonesia, to encroach into the US market. Fediol, the EU
Green Car Congress