Biofuels Fail to Meet Fed Industrial Policy Goal
(p. B10) In 2007, Congress set a national goal of creating an advanced biofuel industry, and established a quota for gasoline marketers to blend a modest 100 million gallons of such fuel into gasoline by 2010.
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The industry is likely to miss Congress's initial quota of 100 million gallons next year, acknowledging that it will make a few million gallons of the advanced fuel, at most. It could fall even further behind the 2011 quota, 250 million gallons. The quota eventually rises to 16 billion gallons by 2022.
The industry partly blames the credit crisis for its slow pace, but acknowledges that getting the conversion techniques to work is the biggest problem.
"It's certainly turned out to be more complicated technically than people thought it would be," said Brian Foody, the president and chief executive of Iogen, which hopes to build a large-scale facility.
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(Note: the online version of the article is dated October 14th.)
