Current Biofuels Policy Helps Drive Economy
by Jan Koninckx(DuPont), Adam Monroe (Novozymes), Javier Salgado (Abengoa) and Jeff Lautt (POET) (Politico) The last two presidential administrations differed on many issues, but gave us a bipartisan roadmap for achieving greater energy security and lowering our dependence on fossil fuel. This policy calls for producing domestic, renewable sources of transportation fuel in the form of biofuels— and has been successful so far. America’s drivers need the country to continue on this path and the government can do this with the current policy.”
The cornerstone of that policy is the Renewable Fuel Standard, which provides for blending an increasing amount of biofuels into our gasoline supply each year. Since 2005, the U.S. has reduced the cost of foreign oil imports by more than $100 billion through biofuels. That’s $100 billion injected back into America, building careers, supporting farmers and expanding our rural economies.
…We represent five global private sector companies now producing advanced biofuels in the U.S.. We are making fuel from many sources — including energy grasses, corncobs and other crop leftovers and household trash.
This is real commercial technology — not fantasy. The advanced biofuels industry as a whole has spent billions in developing new technologies. Our companies are investing another billion dollars to develop cellulosic biofuels.
…Deploying a new industry takes time. But we have several large-scale commercial projects in construction. We have taken cellulosic biofuels from the lab to demonstration scale in less than a decade — and are ready to produce commercially. This is high speed in the world of innovation, let alone one that requires building an entirely new supply chain.