The blog decided to separate the biofuel news from the weekly roundup as there are too many of them and its piling up quickly. Current activities going on in the biofuel industry is the wait-and-watch mode for the much anticipated decision by the US Environmental Protection Agency (EPA) on whether it will change or maintain the status quo for the Renewable Fuels Standard for 2013.
The RFS requires 13bn gallons of ethanol to be produced in 2013. Several industry food groups are arguing that the RFS requirement is aggravating food prices because of the use of corn. The biofuel industry is fighting to maintain the status quo for RFS2.
A decision by the EPA is expected to come out soon.
Europe is also going through the same "mandates" challenge as the US. The European Commission (EC) put out a proposal in October that will limit the use of food crops such as oilseeds and cereals for the production of biofuels. EC is also looking to introduce a new legislation to account for indirect land usage changes (ILUC), which will assess the greenhouse gas emissions performance caused by biofuels.
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