RENEWED ENERGY: Cellulosic Ethanol Support Lags Ambitions

NASDAQ
March 1, 2010
By Naureen S. Malik, Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- Makers of cellulosic ethanol warn that ambitious U.S. government goals to significantly boost production of the technologically advanced fuel over the next 12 years won't be met without stronger backing from Washington.

On Feb. 3, the U.S. Environmental Protection Agency finalized a rule that will require 36 billion gallons of biofuels production in 2022. Half of this is to come from cellulosic ethanol, which is derived from nonfood plant material such as farm waste instead of corn or sugar cane. The same day, the Obama administration announced a program to help set up a supply chain to collect feedstock such as corn stover or forest wastes.

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