Provide Consistency & Technology Neutrality
To grow and thrive in the marketplace, advanced biofuels need both a stable regulatory environment and a level playing field that does not favor one energy source over another. Instead, managing the risk of regulatory and legislative uncertainty has become one of the principal challenges for any leader in this industry. Particularly with the RFS, Congress should not change the rules in the middle of the game.
Let the RFS Keep Working
Congress expanded the RFS to stimulate an advanced biofuels industry that would provide larger greenhouse gas reductions than corn ethanol and develop “drop-in” fuels made from renewable hydrocarbons that are totally compatible with our existing pipelines, refineries, planes, trains, ships and automobiles. ABFA member companies are delivering on that congressional vision. However, a number of stakeholder groups are attempting to create a view that the RFS is broken and should be repealed rather than allowing EPA to use its authority to make adjustments. Repeal would be a step backwards for America’s energy future.
Remember Other Policy Priorities. ABFA also supports:
Tax Incentives. Maintaining consistent tax policies that help finance this emerging industry would provide a stable platform to create certainty for the investment community. This stability plays a significant role in creating an investment to build the next round of commercial advanced biofuels facilities.
The Farm Bill. Passage of a long-term farm bill that invests in advanced renewable feedstocks will help create jobs and reduce America’s dependence on foreign oil by encouraging additional production capacity for advanced biofuels. This includes maintaining energy title provisions, such as the Biorefinery Assistance Program and Biomass Crop Assistance Program, which are critical to continued growth and success in the advanced biofuels industry.
Technology Pathways. ABFA encourages approvals of innovative new technology pathways without unnecessary delay to help bring more advanced biofuels to the market.
Partnership Projects. Funding for important partnership projects like the Defense Production Act (DPA) Advanced Drop-In Biofuels Production Project to develop “drop-in” biofuels for the Department of Defense is important to improve national security, reduce military operational costs and diversify fuel supplies. It is increasingly essential to find domestically produced alternatives to improve the country's energy security, meet global energy demands, and provide jobs, while strengthening our military and domestic economy.