The announcement affirms the important role biofuels play in creating new jobs, growing the economy, diversifying energy needs and reducing greenhouse gas emissions.
The actions outlined by the President’s Biofuels Interagency Working Group will ensure that the U.S. will meet the RFS goal of 36 billion gallons of biofuel production by 2022 of which 21 billion gallons will be advanced biofuels.
Steen Riisgaard, CEO of Novozymes, a world leader in bioinnovation: “The new commitment made by President Obama will significantly help grow and advance development of biofuels in the US and at the same time create thousands of new green jobs.”
Novozymes is at the forefront of developing key technologies that enables production of the biofuels fuelling cars today, as well as the advanced biofuels currently being commercialized. Novozymes recently announced that it will build a production facility in Nebraska to accommodate the growing market for biofuels.
Mr. Riisgaard: “The new RFS2 is a strong framework and by moving to E15 and increased accessibility of E85, the biofuel industry can create more long-lasting, high earning jobs that will help transform the way the U.S. and world use and consume fuel. And at the same time lessen US dependence on foreign oil.”
Novozymes recognizes that the 2007 Energy Bill requires a life cycle assessment of both direct and indirect greenhouse gas emissions from all fuels, including biofuels and including indirect land use change issues.
Mr. Riisgaard: “We commend the EPA for their significant work on this challenging issue. At the same time it is important to recognize that indirect land use change modeling is still in its infancy and lacks consensus in the scientific community. Moving forward, the U.S. government should act thoughtfully and deliberately and continue to study this issue.”