Advanced Biofuels Market | 2012 Report
Despite a challenging year, the advanced biofuels industry continues to grow, according to a new report from Environmental Entrepreneurs (E2). Biofuel production capacity has increased from 437 million gallons last year to more than 685 million gallons, the report shows. By 2015, the industry has the potential to produce 1.6 billion to 2.6 billion gallons of clean, renewable fuel. Standards like California’s Low Carbon Fuel Standard (LCFS) and the federal Renewable Fuel Standard (RFS2) create an incentive for investors and biofuel companies to continue to innovate and increase biofuel production, which in turn will drive down costs and carbon emissions. Find the fact sheet here.
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