BIO Welcomes 2013 Renewable Fuel Standard Rules

WASHINGTON--(BUSINESS WIRE)--The Renewable Fuel Standard continues to ensure that the U.S. fuel market will be open to advanced and cellulosic biofuels as producers ramp up production. The Biotechnology Industry Organization (BIO) today welcomed the Environmental Protection Agency’s release of proposed RFS rules and volume projections for 2013:

“This is a pivotal year for cellulosic and advanced biofuels. Following years of research and development and millions of dollars in investment, companies are right now commissioning commercial cellulosic biofuel refineries and constructing additional facilities – creating thousands of new jobs in the process. The visible progress of the industry is proof that the Renewable Fuel Standard works.

“BIO will work with EPA to finalize these rules in an expeditious manner so that advanced and cellulosic biofuel producers can continue working to meet the energy security and environmental health goals of the nation. By contrast, we fully expect the trade organizations for oil companies and their allies to continue to use every regulatory and legalistic ploy at their disposal to delay finalization of these rules, block the growth of the renewable fuel industry and attempt to preserve their control of the fuel market.”

About BIO

BIO represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIO produces BIOtechNOW, an online portal and monthly newsletter chronicling “innovations transforming our world.” Subscribe to BIOtechNOW.

Upcoming BIO Events

BIO CEO & Investor Conference
February 11 – 12, 2013
New York City, NY

BIO International Convention
April 22 – 25, 2013
Chicago, IL

World Congress on Industrial Biotechnology
June 16 – 19, 2013
Montreal, Quebec, Canada