This puzzles me intensely, this renewable fuel being produced by a firm called Carbon Recycling International.
That means more emissions (EPA modeled that in their Renewable Fuel Standard), but also more costs.
President Bush wants to double the use of renewable fuel by 2012, to 7.5 billion gallons a year.
Authorities allege in the complaint that Rivkin and others claimed the companies produced, purchased and imported renewable fuel.
By federal standards, the national stock of gasoline and diesel must contain a certain percentage of renewable fuel.
The basis for their decision was contained in a published update to the Renewable Fuel Standards Program (RFS2).
Critics have accused the renewable fuel mandates of increasing food and grain prices.
Using the stalk of the corn plant instead of the kernels could open up a limitless, renewable fuel supply.
On the fuel side, we have ethanol subsidies and the Renewable Fuel Standard, which is an implicit subsidy program.
The company plans to start production at a facility in Columbus, Mississippi and start selling renewable fuel this fall.
U.S. renewable fuel standards (RFS) require the blending of 13.2 billion gallons of corn ethanol with gasoline this year.
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Third, elimination of the credit would not absolve gasoline blenders from meeting the mandates required by the Renewable Fuel Standard (RFS).
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This story dates to 2007 when the Bush Administration joined Democratic greens and corn-state Republicans to pass an energy bill mandating renewable fuel standards.
The targets require production of 9 billion gallons of renewable fuel this year--a level that is presently being met--to grow to 11 billion gallons by 2011.
In addition, since they plan to start up the plant using a methanol catalyst they are not expected to produce qualifying renewable fuel in 2010 .
In theory, the country could see mandates for renewable fuel use, investment in the storage of carbon dioxide and punishment for companies that engage in price gouging.
The money from rescinded oil and gas tax breaks would fund alternative and renewable fuel initiatives--and subsidies wouldn't be as generous in a stripped-down version of the bill.
In April 2012, the federal Environmental Protection Agency issued a notice of violation to Green Diesel, alleging it improperly generated credits that track and boost renewable fuel production.
Under their bill, the government would invest the money in developing renewable fuel and more efficient energy policies, including a plan to weatherize more than a million homes.
The Federal Renewable Fuel Standard (RFS) continues to force refiners to sell larger amounts of corn ethanol and other biofuels each year, regardless of weather, supply demand, or cost influences.
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In a huge win for backers of biofuels, the U.S. Environmental Protection Agency today denied a closely watched request to grant Texas a 50% waiver from a federal renewable fuel standard mandate.
Most of the states that have adopted their own renewable fuel standards are in the Southwest and Pacific Northwest--where there seems to be a great potential for renewables--or in the heavily populated Northeast.
While some tax incentives do exist (for ethanol and wind energy), there are no federal energy mandates besides a meager Renewable Fuel Standard passed last year by Congress to boost production of ethanol and biodiesel.
When the grueling 2013 Rolex 24 endurance race kicks off at Daytona International Speedway on Jan. 26, the field will include three Mazda6 race cars powered by an unusual type of renewable fuel.
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In an effort to spur development of a domestic renewable fuel industry and wean the U.S. off of foreign oil, the U.S. government introduced tax credits for ethanol usage with the Energy Tax Act of 1978.
However, experts say that the oil industry would naturally be at odds with the proposal for an increased renewable fuel standard, particularly since it only reluctantly accepted the current standard of 7.5 billion gallons of renewables by 2012.
Its first action was to challenge oil companies to double the number of renewable fuel pumps at their stations within the year and pledge to offer E85 ethanol fuel at half of all gas stations within the decade.
The Renewable Fuel Standard currently requires transportation fuel to contain certain amounts of renewables such as corn grain ethanol regardless of how high it pushes corn prices or how much weather conditions or tariffs on imported ethanol have reduced supplies.
The central idea is this: It's going to take a range of initiatives, from increased drilling to scientific breakthroughs in the development of renewable fuel sources, to put the United States on solid footing when it comes to our energy future.
The renewable fuel standard (RFS) mandates that a portion of the fuel supply be composed of an alternative fuel, in this case advanced biofuels (similar to the RFS included in the US Energy Independence and Security Act of 2007, which gradually phases in biofuels over 15 years).
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