Because biodiesel can be manufactured using existing industrial production capacity and can be used with conventional equipment, it provides substantial opportunity for immediately addressing energy security issues.

Biodiesel significantly contributes to the U.S. economy in multiple ways, according to an economic analysis completed in September 2006 by John M. Urbanchuk of LECG. The study found:

• America’s biodiesel industry will add $24 billion to the U.S. economy    between 2005 and 2015, assuming biodiesel growth reaches 650 million    gallons of annual production by 2015.
• Biodiesel production will create a projected 39,102 new jobs in all    sectors of the economy.
• Additional tax revenues from biodiesel production will more than pay for    the federal tax incentives provided to the industry, keeping $13.6 billion    in the U.S.

¹National Biodiesel Board