WASHINGTON--(BUSINESS WIRE)--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 https://www.bio.org/letters-testimony-comments/ghg-benefits-consumer-and-fuel-retailer-choice-act.
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.
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.
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