California Here I Come: Ethanol Industry Looking to California’s Lucrative Low Carbon Market
Two recently announced major joint ventures from ethanol producers – one in the cellulosic and another in the first-generation space – are aimed at selling biofuels in California, specifically. Driven by the state’s Low Carbon Fuel Standard (LFCS), ethanol producers can derive additional value from selling low carbon biofuels specifically into the California fuels market and capturing the value of LCFS fuel credits.
EESI Statement on GREENER Fuels Act
EESI is reviewing the proposed changes to the Renewable Fuel Standard (RFS) Program in the bicameral Welch and Udall GREENER Fuels Act (H.R.5212 and S.2519) introduced yesterday, March 8. We expect to release a full analysis of the proposal next week. However, at first pass, the measures proposed in this bill would harm, not help, the development of lower carbon cellulosic biofuels. The biofuels industry, along with both federal and independent research, has proven that biofuels already do make a meaningful contribution to lowering the carbon intensity of the transportation sector. There is always room for improvement of the environmental impact of any sector, and biofuels are no exception. Unfortunately, it appears this bill would likely hinder the development of even lower carbon cellulosic fuel feedstocks and pathways that may also provide additional environmental benefits.
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