Dec 29, 2011, Washington, DC - According to a blog at
www.globalwarming.com, the US government has dramatically reduced its
call for cellulosic ethanol use in 2012 in recognition of how far the
technology is from commercialization.
In a nod to how hard it is to predict the future, the EPA has lowered
the cellulosic biofuel mandate from 500 billion gallons to a less
ambitious 8.65 million gallons, which is 1.7% of the original planned
requirement. Of course, they have done the same in previous years and as
of October no qualifying cellulosic ethanol
had been sold to refiners.
Naturally, refiners are not pleased that in
2012 they will possibly be spending up to $8 million in credits
depending upon actual production levels of cellulosic ethanol. Read the whole blog here.