Ohio Soybean Association Backs Biofuels Bill

Ohio soybean growers could soon see a revival of local bio-based fuel markets under new state legislation praised by agricultural leaders.

The Ohio Soybean Association (OSA) announced its strong support for House Bill 1036, newly introduced legislation designed to restore biomass-based diesel production to the Buckeye State through a targeted production tax credit.

Introduced by state Rep. Bob Peterson (R-Sabina) and state Rep. Roy Klopfenstein, (R-Haviland), the measure seeks to authorize a nonrefundable tax credit for producing biodiesel and renewable diesel within Ohio. OSA worked with both representatives to ensure this bill will have the maximum benefit to soy-based biofuel production, providing markets for Ohio soybeans that have not existed since biodiesel production left the state in 2022.

Please select this link to read the complete article from Ohio Ag Net.