Renewable Fuels Standard Program is in Effect Sept 1

Excerpt:
"The Environmental Protection Agency (EPA) says that the nation’s first renewable fuels standard (RFS) program, which was created by the Energy Policy Act of 2005 and will promote the use of American-grown biofuels, will take effect Sept. 1. As in over Labor Day weekend, folks. That means the biofuel industry (refiners, blenders and importers) has to meet certain reporting, registration, and compliance standards by that deadline. As we all know by now, fuel made from plants, waste, food crops and the seemingly endless A to Z of biomass materials is becoming a booming business. According to Clean Edge, the global market for biofuels (ethanol and biodiesel) will grow from $20.5 billion in 2006 to $80.9 billion by 2016. The industry is also generating controversy as the prices of certain food items has risen, and critics are questioning the efficiency of first-generation biofuel methods."

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