Biofuels Producers Warn They Are Going to Fall Far Short of Federal Mandates

The New York Times
By JESSICA LEBER of ClimateWire
Published: October 5, 2009

The emerging cellulosic biofuel industry, stung by frozen credit markets, ineffective federal loan programs and lagging federal policies, will fall far short of mandated production volumes over the next few years.

U.S. EPA is now pushing to implement a new renewable fuels standard (RFS) that will ramp up to 21 billion gallons of mandated cellulosic and advanced biofuels use by 2022, provided that fuels meet specified greenhouse gas reduction thresholds -- and that enough gallons can reach the market.

"The current economic climate almost makes the RFS a moot point for the time being," said Matt Carr, policy director for the Biotechnology Industry Organization.

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