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
LG Solar Unveils NeON R with Enhanced Aesthetics and Energy Savings
The NeON R module features "Back Contact" cell technology delivering an entirely black panel that is aesthetically pleasing and energy efficient. The cell's seamless, surface blends perfectly into nearly all rooftop designs while the module's electrodes are positioned on the rear of the cell. Using LG's N-type cell structure, the panels produce 365W of energy, up to 7.3kWp, compared to 5.8kWp of the p-type cell. The module's new design minimizes LID, thereby delivering a longer lifespan and increased energy output.
