Renewable Fuels Groups Celebrate 10 Years of RFS
by Hagstrom Report (The Fence Post) Renewable fuels groups this week issued statements celebrating the 10th anniversary of the signing of the Energy Independence and Security Act of 2007, which established the Renewable Fuel Standard and called for an even bigger commitment to renewable fuels.
“When we look at America’s energy landscape today, the impact of this visionary, audacious effort to inject change into what had been a monopolistic system is evident,” Skor (Emily Skor, CEO of Growth Energy) continued. “The vital and increasing role of biofuels in America’s fuel supply are yielding real-world results that touch people’s lives every day. Our air is cleaner. Our reliance on foreign oil is reduced. Farmers in this country’s heartland are hard at work ensuring that we have the resources to produce more biofuel that powers this country forward.
“The homegrown companies that founded America’s biofuel industry have also destroyed the myths designed to hold back innovation and big thinking. Since the RFS was enacted, we’ve completely torn down the so-called 10 percent blend wall and shown that high biofuel blends improve engine performance and our environment.
“Most importantly, I have every confidence that in 10 years from now our market share will grow from 10 percent of gasoline demand today to between 20 and 30 percent of the market, based on vehicle emission standards and demand for low-carbon fuel, as the U.S. comes to grips with the fact that we need to do more to reduce CO2 emissions from the transportation sector,” Jennings (American Coalition for Ethanol CEO Brian Jennings) concluded. “The lowest-cost way to reduce CO2 from vehicles is through low-carbon, high-octane fuels like ethanol.”
President George W. Bush signed the bill Dec. 19, 2007. It increased the volumetric requirements from the original 2005 law. Oil companies have objected to the requirements ever since. READ MORE
Ethanol Report on RFS2 10th Anniversary (Energy.AgWired.com)