ANALYSIS: ADVANCED BIOFUEL COMPANIES NOW IN MORE THAN HALF OF U.S. STATES; CLEAN FUEL STANDARDS FUELING GROWTH IN TOP STATES
Top 5 States For Advanced Biofuel Companies: California, Illinois, Colorado, Texas and Iowa; New Web Site at www.FuelingGrowth.org Documents Impact of Growing Industry
WASHINGTON (Feb. 6, 2013) - California is home to nearly 30 advanced biofuel
to realize the economic benefits of this emerging industry, according to
analysis by Environmental Entrepreneurs (E2).
Combined, there are now more than 80 advanced biofuel companies, refineries
and related operations located in at least 27 states. Beyond California, the
top four states for biofuel companies are: Illinois (eight), Colorado (six),
Texas (five) and Iowa (four).
A searchable map and state-by-state breakdown of companies involved in the
advanced biofuels industry is a centerpiece of a new Web site launched by E2
at http://www.fuelinggrowth.org. The site, a clearinghouse for information
on how clean fuel companies are driving economic growth, includes reports
that examine the growth and potential of the domestic biofuel industry; fact
sheets about the industry and videos and other stories that spotlight
American biofuel companies in action.
As detailed at www.fuelinggrowth.org the biofuel market could be worth more
than $60 billion within the next decade and more than 18,000 jobs could be
created by the 26 biorefineries that are expected to open by 2015, according
to E2 analysis. E2 is a national organization of more than 850 business
leaders and others who advocate for good environmental policy while building
Fuelinggrowth.org also details how advanced biofuels can be produced
sustainably without competing with food. As the stories of many biofuel
companies show, farmers are discovering new revenue opportunities for their
agricultural waste; companies are developing new technologies to make fuels
cleaner and biofuel refineries are popping up nationwide.
"We've got the resources, the knowledge and the technology to put our
country on a path to meet our transportation needs with cleaner fuels," said
Mary Solecki, clean fuels analyst at E2. "The type of innovation we're
seeing in the biofuel industry is what makes America great."
According to E2, U.S. and Canadian biofuel production capacity increased
from 427 million gallons in 2011 to more than 685 million gallons in 2012.
Capacity is expected to increase to 2.6 billion gallons by 2015.
There are many ways states can integrate clean fuels into their mix,
according to Solecki. Some states use tax incentives, while others like
California and Oregon have a Low Carbon Fuel Standard (LCFS). California's
Alternative and Renewable Fuel and Vehicle Technology Program (AB 118) also
has been especially helpful in getting companies to open new operations
"States that will benefit the most from this promising and important
industry are those that support sound clean fuel policies," Solecki said.
"States that ignore this growing economic development opportunity risk
missing out in the future."
Expected demand from California's LCFS is helping biofuel companies like
SynGest, one of the companies profiled on fuelinggrowth.org, to plan for
future growth and hiring.
"The Low Carbon Fuel Standard is actually one of the best things for
business going," said SynGest CEO Jack Oswald.
U.S. biofuel businesses employ thousands of people across a value chain that
includes farmers, engineers, factory workers, scientists, truck drivers, and
railroad engineers, to name a few.
"In addition to benefiting the economy, the clean fuel industry also
benefits the environment by lowering the carbon content of our nation's fuel
mixture," Solecki said. "That improves our air quality and cuts the
greenhouse gas emissions that lead to climate change. And by reducing our
dependence on foreign oil, the clean fuel industry also is helping bolster
our national security."
For more information please see www.fuelinggrowth.org. For more details on
Environmental Entrepreneurs and its work on biofuels, see www.e2.org.