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Biodiesel’s future |
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BioCat
Fuels
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As America addresses the challenges of increasing energy prices and global warming, biofuels will grow in importance and interest. Biodiesel, specifically, has great value in agriculture, transportation, mining and fleet management and has grown significantly as an energy option. In 2000 biodiesel production was 2 million gallons. In 2004, 25 million gallons of B100 (100% biodiesel) were sold. By 2006 production had grown to 250 million gallons. In 2007, 500 million gallons were produced, displacing 20 million barrels of petroleum. This growth is being fueled by government-sponsored financial incentives combined with historically high energy prices. In Minnesota, for example, the 2008 Legislature mandated B-20 (20% biodiesel) by 2015. The state’s current two percent biodiesel mandate will increase to five percent on May 1, 2008, 10 percent on May 1, 2012 and 20 percent on May 1, 2015. Five percent of the feedstock must come from non-traditional sources, such as algae, waste oils and tallow. The industry’s next challenge is to strengthen its ability to use non-food feedstocks to produce biodiesel. BioCat Fuels and the Mcgyan process are perfectly positioned to meet that need. They have the capacity to use flexible feedstocks in an efficient process to produce high quality biodiesel. They clearly can help lead the industry to greater levels of service to America. Sources: U.S. Environmental Protection Agency, National Biodiesel Board Biodiesel is a smart choice
Sources: National Biodiesel Board, U.S. Department of Energy National
Renewable |
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