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Press Release

2018 RFS Volumes Set Back Growth in Cellulosic Biofuels, BIO Says

Biotechnology Innovation Organization
Posted on: 30 Nov 17

Brent Erickson, Executive Vice President of the Biotechnology Innovation Organization’s (BIO) Industrial & Environmental Section, released the following statement today on the Renewable Fuel Standard (RFS) 2018 volumes released by the Environmental Protection Agency (EPA):

“We are disappointed that EPA did not significantly raise the advanced biofuel volumes in line with the industry’s ability to produce them. The agency is arbitrarily limiting growth for low carbon biofuels in 2018 and into the future by looking backward, rather than forward.

“The cellulosic biofuel industry is positioned for continued growth in 2018. EPA has begun to make progress in approving new cellulosic biofuel technologies and production facilities, such as those that use corn kernel fiber as a feedstock. Unfortunately, EPA did not adequately account for the potential of new technologies as it set the 2018 cellulosic volumes.

“To support investment in the industry and help us bring additional gallons of advanced and cellulosic biofuels to market in 2018, EPA should speed up pathway and biorefinery approvals and adjust its treatment of cellulosic carryover RINs.”

About BIO

BIO is the world's largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIOtechNOW is BIO's blog chronicling “innovations transforming our world” and the BIO Newsletter is the organization’s bi-weekly email newsletter. Subscribe to the BIO Newsletter.

   

Upcoming BIO Events

 

BIO One-on-One Partnering™ @ JPM
January 7-11, 2018
San Francisco

BIO Asia International Conference
March 19-20, 2018
Tokyo, Japan

 

BIO CEO & Investor Conference
February 12-13, 2018
New York, New York


BIO International Convention
June 4-7, 2018
Boston, MA

 

View source version on businesswire.com: http://www.businesswire.com/news/home/20171130005770/en/

Business Wire
www.businesswire.com

Last updated on: 30/11/2017

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