Here Today and Investing for Tomorrow: Advanced and Cellulosic Biofuels
Friday, December 5, 2014
As posted in Media Planet and featured in USA TODAY (12/05)
A Secure Future
Advanced and cellulosic biofuels are essential to achieving that security. Unlike fossil fuels — which represent a finite resource — these fuels are produced from renewable sources like plants, algae, waste and animal fats. As a result, they improve our country’s energy security, reduce greenhouse gases and complement rising domestic oil and natural gas production.
These high-tech fuels — including “drop-in” biofuels that are totally compatible with existing pipelines, fuel pumps and engines — are moving from the laboratory to full-scale commercial production. However, developing this emerging industry is a full-time job that involves many tasks, including:
For nearly a year, the biofuels industry delayed these essential tasks and instead focused on the EPA’s long-delayed decision regarding the volume of biofuels that blenders will be required to use to comply with the Renewable Fuel Standard (RFS) in 2014. As we look to the year ahead, the biofuels industry hopes that EPA will move quickly to set the 2015 volume requirement at a level that acknowledges the actual gallons of biofuel produced and encourages production and consumption of all available advanced biofuels.
With thousands of jobs and billions of dollars invested on the line, advanced biofuels need both a stable regulatory environment and a level playing field that does not favor one energy source over another. If that can be achieved, we will be one step closer to growing a commercial-scale advanced and cellulosic biofuels industry that can thrive in the global marketplace, and permanently enrich the state of our energy economy.
Michael McAdam, President, Advanced Biofuels Association