The National Biodiesel Board is applauding the U.S. Senate’s passage of the Energy Bill… especially the section of the bill that expands the Renewable Fuels Standard:
The expanded RFS requires a specific renewable requirement for diesel fuel that will be met by biodiesel and other renewable biomass-based diesel fuels. Increasing the minimum renewable requirement in the diesel pool from 500 million gallons in 2009 to 1 billion gallons in 2012 will create a stable, viable domestic market for biodiesel. In addition, the fuel labeling requirements in the bill will promote consumer confidence in renewable fuels and help ensure that only quality fuels are entered into commerce.
“Passage of H.R. 6 is a significant achievement that will reduce our dependence on foreign oil and increase the use of clean-burning, domestically produced biodiesel,” said NBB CEO Joe Jobe. “The biodiesel industry stands ready to meet the aggressive renewable goals provided for in this bill.”
The bill goes back to the U.S. House for final approval before being sent to the president.