Biofuel Supporters Organize to Defend U.S. Ethanol Requirements
Biofuel supporters, including producers Novozymes A/S (NZYMB) and Poet LLC, began a campaign to beat back calls for the elimination of a U.S. requirement for the blending of ethanol with gasoline.
Fuels America, which will start advertising campaigns to tout the benefits of the renewable fuels standard, including job creation, cleaner energy and reduced dependence on foreign sources of crude oil, the group said today in a statement.
Lawmakers from both major political parties have called on the U.S. Environmental Protection Agency to suspend the mandate to consume biofuels, citing higher corn prices caused by the worst drought since 1956.
Under a 2007 energy law, U.S. refiners are required to use 13.2 billion gallons of ethanol this year and 13.8 billion in 2013.
The EPA is accepting public comments on whether to approve a waiver from the program sought by governors of North Carolina, Arkansas, Maryland, Delaware and Georgia, until Oct. 11.
To contact the reporter on this story: Mario Parker in Chicago at mparker22@bloomberg.net.
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net
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