WASHINGTON–(BUSINESS WIRE)–#RFS–More than 25 advanced biofuel producers and trade associations today
sent a letter to members of the Senate Environment and Public Works
Committee, asking them to support the Consumer and Fuel Retailer Choice
Act (S.517), the Biotechnology Innovation Organization (BIO) and
Advanced Biofuels Business Council (ABBC) announced.
Under current law, fuels containing 15 percent ethanol (E15) cannot be
sold during the summer driving season in many states. In 1990, Congress
limited the amount of evaporative emissions from vehicle fuel at 9
pounds per square inch (psi) Reid Vapor Pressure (RVP). At the time,
Congress specified that fuel with 10 percent ethanol (E10) would receive
a 1 psi RVP waiver, in recognition of E10‘s overall lower emissions
profile. The Consumer and Fuel Retailer Choice Act will extend the RVP
waiver to ethanol blends above 10 percent.
The letter states, in part:
“This legislation is vital to the advanced biofuels industry, which is
making significant progress in expanding production of advanced and
cellulosic biofuels. Fixing the RVP issue will ensure that E15 can be
sold year round in any state where E15 is approved and give our advanced
and cellulosic fuels an opportunity to compete at the pump.
“Moving to E15 not only reduces the cost of gasoline by between 5 and 15
cents per gallon, but also reduces emissions harmful to the environment.
Recent analysis from the Biotechnology Innovation Organization indicates
that in just the summer months E15 can reduce GHGs equivalent to taking
2.1 million vehicles off the road. In addition to the environmental
benefits, the Energy and Environmental Studies Institute has written
that E15 can lower the public health impacts from transportation
emissions like cancer and asthma.”
BIO’s recent analysis, “GHG Benefits of the Consumer and Fuel Retailer
Choice Act,” is available at http://ift.tt/2rk64tV.
The
analysis demonstrates that:
- Over the next 10 years, summer use of E15 can save between 7 million
and 10.4 million metric tons of CO2 equivalent GHG emissions. - The savings are equal to taking 1.4 million to 2.2 million cars off
the road over the 10-year period.
About BIO
BIO is the world’s largest trade association representing biotechnology
companies, academic institutions, state biotechnology centers and
related organizations across the United States and in more than 30 other
nations. BIO members are involved in the research and development of
innovative healthcare, agricultural, industrial and environmental
biotechnology products. BIO also produces the BIO
International Convention, the world’s largest gathering of the
biotechnology industry, along with industry-leading investor and
partnering meetings held around the world. BIOtechNOW
is BIO’s blog chronicling “innovations transforming our world” and the
BIO Newsletter is the organization’s bi-weekly email newsletter. Subscribe
to the BIO Newsletter.
Upcoming BIO Events
|
BIO |
BIO |
Contacts
Biotechnology Innovation Organization
Paul
Winters, 202-962-9237
Web: www.bio.org
Blog:
www.biotech-now.org
Twitter:
@IAmBiotech
BIO, ABBC Members Ask Senators to Support Summertime E15 Use was first posted on June 12, 2017 at 4:00 pm.
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June 13, 2017 at 04:06AM
from 3BL Media Press Release
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