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Friday, February 19, 2010
The Obama administration’s new biofuels initiative is a much-needed step in federal coordination that can help pioneer companies secure the investment needed to build large-scale advanced biofuels production facilities. Rapid implementation of final Renewable Fuel Standard rules will create the market space for advanced biofuels; but more work is needed to accommodate further innovation and scale-up of new technologies. The Biotechnology Industry Organization (BIO) today thanked the Obama administration for renewing its commitment to support increased production and use of all biofuels, including advanced biofuels that can help create thousands of new green jobs, increase energy security and reduce greenhouse gas emissions.
Jim Greenwood, BIO president and CEO, stated, “The Obama administration clearly recognizes that large-scale production of advanced biofuels can be a driver of green job creation, energy security and greenhouse gas reductions. This new initiative will send a message to the industry and potential investors that the federal government is strongly committed to achieving advanced biofuels production and use targets. BIO has previously called for better federal coordination of programs to help integrate the complete biofuel supply chain, from crop production to fuel production and marketing. This coordination will help stimulate the private investment needed to build new biorefineries. On behalf of our member companies we thank the Obama administration for its leadership on this issue.Read Full Article
posted in: News, Washington DC
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