Domestic Fuel

President Obama is sticking to his guns in his support of biofuels, among other energy sources, as viable ways for America to reduce its dependence on foreign sources of oil. This morning, his administration released its plan for a comprehensive energy policy their report, “Blueprint For A Secure Energy Future.”

As a result of the report, the biofuel and biotech industries came out in support of the president’s commitment to biofuels.

Biotechnology Industry Organization (BIO) President and CEO Jim Greenwood thanked President Obama and his administration for its leadership in supporting the commercial development of biorefineries.

“Continued reliance on foreign petroleum threatens not only our economy, but also our energy and national security,” said Greenwood. “Next generation biorefineries utilizing renewable biomass to produce advanced biofuels, biobased products and renewable chemicals offer the potential to help stabilize energy prices and revitalize U.S. rural and manufacturing communities. The policies announced today by President Obama will provide important support to path-breaking biotechnology companies seeking to build commercial-scale cellulosic and advanced biorefineries.”

BIO’s Executive Vice President, Brent Erickson, added that to continue the momentum in the commercialization of biofuels, Congress and the country’s energy policy must enable federal agencies to serve as leaders in creating an open marketplace for biofuels to compete.

Also responding to the report was Brooke Coleman, the executive director of the Advanced Ethanol Council. Coleman reiterated that the biofuels industry is ready and waiting to assist the country in meeting its domestic energy needs and also called upon the administration to work with the industry to create a “responsible transition and transformation of current biofuel tax policy and investments in ethanol vehicle technology and fueling infrastructure.”

Coleman concluded, “Challenging capital markets, economic uncertainty, and uncertain federal policy have worked to slow the commercialization of promising advanced ethanol technologies. By committing to policies that accelerate the commercial production of ethanol from a wide range feedstocks, the nation can gain more control over its energy future. Ethanol production from wood wastes, grasses, municipal solid waste, and other non-traditional feedstocks will go a long way to making America truly independent of a need to import oil.”