Renewable Energy Group Leaders Testify at EPA Hearing on 2014 RFS Proposal
Jobs, Production, and Environmental Benefits Cited As Reasons to
Increase Biodiesel Volumes
Leaders from Renewable Energy Group® (NASDAQ: REGI) joined more than two
dozen biodiesel advocates in providing testimony at an Environmental
Protection Agency hearing on the proposed 2014 Renewable Fuel Standard
Gary Haer, REG Vice President, Sales and Marketing and Bruce Lutes,
General Manager of the company's biodiesel refineries in Danville,
Illinois and Newton, Iowa shared their perspectives on why the EPA
should increase the biomass-based diesel Renewable Volume Obligation
(RVO) for 2014 to at least 1.7 billion gallons.
Haer focused on this year's record biodiesel production and the
corresponding environmental benefits. "This year's projected volume of
more than 1.7 billion gallons of biomass-based diesel will reduce
greenhouse gas emissions by 32 billion pounds when compared to petroleum
diesel fuel," Haer told the panel. "That's an additional 8 billion
pounds of GHG reductions than if we produced 1.28 billion gallons, which
means the cost of carbon of biodiesel is dramatically lower than the
cost of carbon of diesel fuel."
Haer also questioned why EPA officials used outdated data in its
proposal instead of current figures showing ample availability of
biodiesel feedstocks, decreased cost of production, and increasing
biodiesel blend rates across the country. "All of the data used to
support the proposed volume of 1.28 billion gallons in the 2014 was the
same data that EPA used to set the RVO at 1.28 billion gallons in 2012.
The data EPA relied upon for the 2014 proposal is from 2011, ignoring
the gains the industry has made over the last two years," Haer said.
Lutes, who manages REG facilities in two communities hard hit by massive
job losses, focused on what the biodiesel industry means to local
economies. "The current Danville area unemployment rate is close to 13%
and we need these jobs more than ever before," Lutes said.
Lutes also focused on the larger number of indirect jobs supported by
the biodiesel industry. "We had almost 14,000 truck deliveries in and
out of the Danville plant alone last year. To those who say the RFS
forces the government to pick winners and losers, I say this policy is a
winner for jobs, the economy, energy security, and most definitely for
the environment. The only way you pick a loser here is by picking the
numbers in this proposal," Lutes said.
Renewable Energy Group® is a leading North American biodiesel producer
with a nationwide distribution and logistics system. Utilizing an
integrated value chain model, Renewable Energy Group is focused on
converting natural fats, oils and greases into advanced biofuels. With
more than 255 million gallons of owned/operated annual nameplate
production capacity at biorefineries across the country, REG is a proven
biodiesel partner in the distillate marketplace.
For more than a decade, REG has been a reliable supplier of biodiesel
which meets or exceeds ASTM quality specifications. We sell REG-9000®
biodiesel to distributors so Americans can have cleaner burning fuels
that help lessen our dependence on foreign oil. REG-9000® branded
biodiesel is distributed in nearly every state in the U.S.
Renewable Energy Group
Anthony Hulen, 703-822-1972
Director, Corporate Affairs
Source: Renewable Energy Group
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