Analysis: Advanced Biofuel Companies Now In More Than Half Of U.S. States; Clean Fuel Standards Fueling Growth In Top States
There are many ways states can integrate clean fuels into their mix, according to Solecki. Some states use tax incentives, while others like California and Oregon have a Low Carbon Fuel Standard (LCFS). California's Alternative and Renewable Fuel and Vehicle Technology Program (AB 118) also has been especially helpful in getting companies to open new operations inside California.
"States that will benefit the most from this promising and important industry are those that support sound clean fuel policies," Solecki said. "States that ignore this growing economic development opportunity risk missing out in the future."
Expected demand from California's LCFS is helping biofuel companies like SynGest, one of the companies profiled on fuelinggrowth.org, to plan for future growth and hiring.
"The Low Carbon Fuel Standard is actually one of the best things for business going," said SynGest CEO Jack Oswald.U.S. biofuel businesses employ thousands of people across a value chain that includes farmers, engineers, factory workers, scientists, truck drivers, and railroad engineers, to name a few. "In addition to benefiting the economy, the clean fuel industry also benefits the environment by lowering the carbon content of our nation's fuel mixture," Solecki said. "That improves our air quality and cuts the greenhouse gas emissions that lead to climate change. And by reducing our dependence on foreign oil, the clean fuel industry also is helping bolster our national security." For more information please see www.fuelinggrowth.org. For more details on Environmental Entrepreneurs and its work on biofuels, see www.e2.org. Environmental Entrepreneurs (E2) is a national community of individual business leaders who advocate for good environmental policy while building economic prosperity. Learn more at: www.E2.org. SOURCE Environmental Entrepreneurs (E2), San Francisco, CA
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