BIO urges readoption of Low Carbon Fuel Standard with changes.
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Press Release Summary:
BIO is generally supportive of California's plan to readopt state Low Carbon Fuel Standard, but expressed concerns about certain aspects of law and their potential impact on production of low carbon biofuels. BIO is concerned that intensified reporting requirements could be particularly burdensome in time and cost to small and new low-carbon fuel producers. California Air Resources Board should ensure that new requirements do not inadvertently discourage small producers or innovation.
Original Press Release:
BIO Urges California to Readopt the Low Carbon Fuel Standard, with Changes
BIO expresses concerns on reporting requirements and compliance curve
WASHINGTON -- The Biotechnology Industry Organization (BIO) is “generally supportive” of California’s plan to readopt the state Low Carbon Fuel Standard, the trade organization stated in comments submitted Tuesday to the California Air Resources Board (CARB). As a trade organization representing advanced biofuel producers, BIO expressed concerns about certain aspects of the law and their potential impact on the production of low carbon biofuels.
“BIO is generally supportive of the readoption plan, but has concerns as outlined in this letter with respect to the compliance curve, reporting requirements, GREET model, and denaturant calculation.”
Brent Erickson, executive vice president of BIO’s Industrial & Environmental Section, wrote in the comments:
“BIO and its members are concerned that the intensified reporting requirements under the readoption plan could be particularly burdensome in time and cost to small and new low-carbon fuel producers. BIO urges CARB to take this concern into account as it works to finalize the readoption plan so that advanced and drop in biofuels can play a meaningful role in reducing climate emissions. CARB should make every effort to ensure that the new reporting (and other) requirements under the plan do not inadvertently discourage small producers or innovation.
“BIO is generally supportive of the readoption plan, but has concerns as outlined in this letter with respect to the compliance curve, reporting requirements, GREET model, and denaturant calculation.”
About BIO
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.
Upcoming BIO Events
BIO Asia International Conference
March 24-25, 2015
Tokyo, Japan
BIO International Convention
June 15-18, 2015
Philadelphia, PA
BIO World Congress
July 19-22, 2015
Montreal, Canada
Contacts
Biotechnology Industry Organization (BIO)
Paul Winters, 202-962-9237
Web: www.bio.org
Blog: www.biotech-now.org
Twitter: @IAmBiotech
