Algenol’s advanced biofuel has received D-5 classification status under the Renewable Fuel Standard (RFS) from the Environmental Protection Agency (EPA). As such, their bio-crude co-product patented Direct to Ethanol pathway, is now eligible for a Renewable Identification Number (RIN).
“The EPA approval is a milestone event for Algenol. The EPA validates that our suite of fuels meet the GHG reduction requirements set by the EPA for advanced biofuels and allows blenders and refiners to use our fuels to meet their Clean Air Act obligations under the RFS,” said Paul Woods, founder and CEO of Algenol.
RINs can be purchased by blenders to document compliance with the RFS. As part of this approval, the EPA determined that ethanol produced from the Algenol process resulted in an approximate 69% reduction in greenhouse gases when compared to gasoline.
“The RINs ascribe both GHG reduction value and real economic value to Algenol’s fuels,” continued Woods, “but the true game changing part originates from paying for CO2 emissions by converting them into valuable, low cost transportation fuels. Just imagine how refreshing the carbon dialogue would sound if CO2 emissions become a corporate asset rather than a liability.”