February 3, 2010

Big Biofuel news

I was writing about DuPont Danisco's big cellulosic ethanol news from last week when President Obama just announced the government's plans to boost biofuels production in the US.

Coinciding with the speech is the announcement from the US Environmental Protection Agency (EPA) about its final ruling on the expanded Renewable Fuels Standard (RFS2). Under RFS2, biofuels production is expected to increase from last year’s 11.1 billion gallons to 36 billion gallons in 2022, with 21 billion gallons coming from advanced biofuels.

The revised RFS2 establishes new specific annual volume standards for cellulosic biofuel, biomass-based diesel, advanced biofuel, and total renewable fuel that must be used in transportation fuel. It also includes new definitions and criteria for both renewable fuels and the feedstocks used to produce them, including new greenhouse gas emission (GHG) thresholds as determined by lifecycle analysis. The regulatory requirements for RFS will apply to domestic and foreign producers and importers of renewable fuel used in the U.S.

The 2010 RFS volume standard calls for 12.95 billion gallons, with cellulosic standard set at 6.5 million gallons, and biomass-based diesel standard 1.15bn gal.

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