Obama Wants 36 Billion Gallons of Biofuels, Ethanol per Year by 2022

Obama Wants 36 Billion Gallons of Biofuels, Ethanol per Year by 2022

February 4, 2010 /EIN PRESSWIRE/ Outlining his alternative energy proposals, President Barack Obama wants the US to produce 36 billion gallons of ethanol and other biofuels per year by 2022.

The 36 billion gallons comes from a mandate in an existing 2007 energy bill, but currently the US produces only 12 billion gallons of biofuels and has no capacity to triple production. The EPA says that meeting this 2022 standard would reduce oil use by 328 million barrels a year.

This increase in biofuel production could be a boon for the biofuel industry, but industry representatives are concerned about whether the government has the money and willingness to support building the plants and pipelines needed to take biofuels to the next level.

about this story at Biofuel Industry Today:

Latest Washington D.C. Biofuels news – http://biofuels.einnews.com/washingtondc/
Latest Biofuel news – http://biofuels.einnews.com/news/biofuel-biofuels-energy
Latest Ethanol news – http://biofuels.einnews.com/news/ethanol-biofuel

Located at http://biofuels.einnews.com, Biofuel Industry Today is a service of , an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, delivers to its members the latest biofuel news from around the world, saving them valuable time they’d spend searching for information. New users to Biofuel Industry Today can enjoy a no-obligation, one-week free trial.

About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.

Related posts:

1. BrightSource Granted $1.4 Billion Loan for Mojave Solar Energy Project February 23, 2010 /EIN PRESSWIRE/ California solar energy giant BrightSource has been conditionally granted a $1.4 billion stimulus loan from the US government to build a nearly 400-megawatt solar power complex in the Mojave...
2. Will a Scott Brown Win in Massachusetts Send Obama’s Healthcate Bill to Death Panel? Will a Scott Brown Win in Massachusetts Send Obama’s Healthcate Bill to Death Panel? January 19, 2010 /EIN PRESSWIRE/ The back-and-forth battle between Scott Brown and Martha Coakley for the late Ted Kennedy’s Senate seat...
3. Report: Soldier Waterboards Four-Year-Old Daughter over Alphabet Dispute February 8, 2010 /EIN PRESSWIRE/ According to an article in The Daily Mail, a soldier in Washington State subjected his four-year-old daughter to waterboard-style torture because she refused recite her alphabet. The soldier, Joshua Tabor,...
4. Obama Approved Secret Operations in Yemen to Eliminate al Queda Leaders Obama Approved Secret Operations in Yemen to Eliminate al Queda Leaders January 27, 2010 /EIN PRESSWIRE/ The US has engaged in a six-week operation in Yemen against al Queda that has resulted in the deaths...
5. President Barack Obama Gambles That 30,000 Troops Now Will Equal Victory in 2011; Follow the Latest Developments in Afghanistan at Military Industry Today President Barack Obama Gambles That 30,000 Troops Now Will Equal Victory in 2011; Follow the Latest Developments in Afghanistan at Military Industry Today December 2, 2009 / EIN Presswire / U.S. President Barack Obama has...

Tags: Biofuel, C. Biofuels, EIN, energy proposals, News, news monitoring, press release distribution, press release distribution service, proprietary search technology, Read, US, Washington