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Current economic assessments cite large-scale pond-cultivated algae fuel prices ranging from at $0.42 to $7.50 per Liter. [4] However, a 2012 economic analysis of commercialization potential and cost optimization determined a much smaller price range of $0.42 to $0.97 per Liter.
In the USA, diesel costs about 0,6 $ per liter [14] and the cheapest SVO costs about the same, with more expensive oils costing more than that (up to $7 per gallon). [15] The availability of biodiesel around the World is increasing.
Through this act, biodiesel production guaranteed a tax credit of US$1 per gallon produced from virgin oils, and $0.50 per gallon made from recycled oils. [119] Currently soybean oil is being used to produce soybean biodiesel for many commercial purposes such as blending fuel for transportation sectors. [6]
As the Biden administration enters its final days in the White House, biofuel industry leaders hoped for finalized rules on a tax credit for sustainable aviation fuel, but what they got was a ...
In spite of this, he was optimistic about the future of the program, claiming "it will be back.". In 2009, ethanol was priced at 2 to 3 dollars per gallon, while methanol made from natural gas remains at 47 cents per gallon. Presently there are over 60 operating gas stations in California supplying methanol in their pumps. [citation needed]
In 2006, Fuel Bio Opened the largest biodiesel manufacturing plant on the east coast of the United States in Elizabeth, New Jersey. Fuel Bio's operation is capable of producing a name plate capacity of 50 million US gallons per year (190 × 10 ^ 3 m 3 /a) of biodiesel. [8] In 2008, ASTM published new Biodiesel Blend Specifications. [9]