ABFA Video Series Continues: ABFA Members Transforming Fuels for Today and Tomorrow
Wednesday, June 25, 2014
In ABFA’s latest video, Association President Michael McAdams speaks out about the important role of the advanced and cellulosic biofuels industry in helping America achieve energy security while transitioning to a low-carbon economy.
Representing a wide portfolio of technologies, feedstocks, and molecules, ABFA members are developing and commercializing their technology platforms (many of which are first in kind) to provide renewable, lower carbon fuels. Utilizing algae, catalytic processes, pyrolosis, synthetic biology, hydro processing, fermentation, and a range of other platforms, ABFA’s members are making “drop-in fuels” that can be used in planes, trains and automobiles just like any conventional fuel available at local filling stations today.
According to Bloomberg, $33 billion has been invested world-wide in this sector over the last four years. This investment represents people and jobs throughout America: jobs in rural America planting and cultivating new energy crops, jobs building and operating biorefineries, technology and engineering jobs, laboratory jobs researching new feedstocks and enzymes, and many more.
ABFA continually advocates for public policies that are technology neutral, use sustainable feedstocks, and offer subsidy parity to ensure all viable advanced biofuels can compete on a level playing field. McAdams describes this philosophy and substance-first approach as fostering a membership that is focused on discussing and solving problems and that has always stood for an “all of the above” energy strategy.
When speaking to the current state of advanced biofuels industry, McAdams says, “We’re on the way up and more facilities will come in to the market this year alone… So as we move forward in 2014, 2015, 2016 and years beyond – if we got a little more certainty out of the federal policy – you’d see even more of these facilities being built and financed.”
McAdams points to the significant impact of programs like the Renewable Fuel Standard (RFS), the supporting tax policy, and agencies completing their missions to communicate a solid signal of certainty to the American people and the financial institutions that put the money up to build this industry. “It is incredibly important in the beginning of a new industry like this that we have that support from the federal government,” continues McAdams. “The corn ethanol industry had it for forty years, and now they are 15 billion gallons of built capacity, the largest in the world. We are going to add to that legacy.”
You can watch the interview video above or check out ABFA’s video center for previous member profiles. Make sure to stay tuned to this blog for additional perspectives from the companies leading the transition to a renewable fuels future.