Monday, February 21, 2005

Renewable Fuels Association Urges Congress to Expand Proposed Renewable Fuels Standard

Grainnet reports on efforts by the Renewable Fuels Association (RFA) to increase the volume of biofuels included in the Energy Policy Act's proposed renewable fuels standard (RFS).

Bob Dinneen, President of RFA, testified before the U.S. House Energy & Commerce Committee’s Subcommittee on Energy and Air Quality last week. In his testimony Mr. Dinneen focused on the broad value of an national RFS, emphasizing that an RFS "provides a positive roadmap for reducing consumer fuel prices, increasing energy security, and stimulating rural economies by harnessing America's renewable energy potential." But Mr. Dinneen called on Congress to aim higher in its total production volumes for biofuels, noting that U.S. ethanol plants are already expected to produce more than 4 billion gallons in 2005, and that the proposed RFS only requires 5 billion gallons by 2012. "[I]t should be obvious," he stressed, "that the ethanol industry could supply a much greater volume of ethanol under an RFS."

A complete copy of the February 8, 2005 "discussion draft" of the Energy Policy Act of 2005, including the renewable fuels provision, is available on the Energy & Commerce Committee's website.

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