Wednesday, March 13, 2013
It’s time to face facts: the biofuels mandate Congress established in 2005 is creating too much bad biofuel and not enough good biofuel. This year, that mandate requires American refiners to use 13.8 billion gallons of corn ethanol – more than they can actually blend into their gasoline. By contrast, fuel makers are expected to generate only a little more than 5 million gallons of non-food-based biofuels that could reduce greenhouse gas emissions. Many doubt whether the industry can hit this target.