Renewable Fuel Standard Celebrates 20 Years of Boosting Energy Security and Economic growth
Washington, D.C. – Clean fuels alliance america is commemorating the 20th anniversary of the Renewable Fuel Standard (RFS),a landmark piece of legislation signed into law on August 8,2005,as part of the Energy Policy act.
A bipartisan congressional resolution, led by Senator Pete Ricketts (R-NE) and Representative Max Miller (R-OH), has been introduced to recognize this significant milestone. Resolutions S.Res.364 and H.Res.628 acknowledge the RFS’s positive impact on strengthening energy security,supporting rural communities,fostering economic growth,and improving environmental performance over the past two decades.
Clean Fuels Alliance America has expressed its support for the resolution and gratitude to its co-sponsors in both the House and Senate.
Kurt Kovarik, Clean Fuels’ Vice President of Federal Affairs, highlighted the RFS’s role in bolstering America’s energy and agricultural sectors. “The RFS has driven substantial growth in U.S.biodiesel and renewable diesel production, increasing from a few hundred million gallons to 5 billion gallons, now meeting 9 percent of the nation’s on-road diesel demand,” Kovarik stated. “This production generates $42.4 billion in economic chance and supports 10 percent of the value of every soybean grown in the United states.”
With proposed RFS volumes expected to increase in the coming years, the benefits of the standard are projected to continue expanding.