USDA reveals $168 billion cost of 2022 biofuels target
America will need to build 527 biorefineries at a cost of $168 billion to meet the 2022 target of the Renewable Fuels Standard. That is according to the US Department of Agriculture, which said yesterday that it expects the biofuels market to react to the need for more renewable fuels infrastructure. It is expecting the cost of new advanced biofuels plants to be equivalent to $8 per gallon, although as more and more plants are built the costs would come down. And, in a new USDA report on the road ahead under the Renewable Fuels Standard, other costs to be met include at least $12 billion for fuel distribution infrastructure.
Comments (0)
This post does not have any comments. Be the first to leave a comment below.
Featured Product
MORNINGSTAR - ReadyEdge
The ReadyEdgeTM (RE-1) accessory is an intelligent system controlling and reporting device meant to make monitoring your solar energy system more transparent. Enabling access to LiveViewTM 2.0 and Morningstar Solar ConnectTM, ReadyEdge provides data from all compatible Morningstar devices in your system. It is designed to be paired with the three ReadyBlock options, up to six total, with the possibility to use multiple ReadyShunts and ReadyRelays. The ReadyEdge is compatible with select Morningstar products.
