What the heck is the #RFS?

What is KNOW YOUR FACTS the RFS? RFS = Renewable Fuel Standard A US Federal policy that requires oil refiners to produce or incorporate a certain volume of renewable fuel into the mix of liquid transportation fuel sold nationwide. Why do we need it? Air Quality Creates Jobs Renewables have better environmental profile, reduce emissions. Energy Security Domestic production reduces dependence on foreign sources. Renewable fuel innovation and production boosts rural economies. It's more than ethanol, & it fits into our current infrastructure. The RFS requires oil refiners to blend ethanol into the U.S. fuel supply. Biofuels hurt our engines & have limitations in today's fuel infrastructure. MYTH ΜΥΤΗ The RFS requires that oil refiners incorporate renewable fuel from four major categories of renewable fuel - into the U.S. fuel supply. Drop-in biofuels are a reality today. Development of these fuels will position biofuels to compete with conventional sources. FACT FACT The RFS includes four major categories of renewable fuel. CONVENTIONAL BIOFUEL Food & starch (corn, wheat) At least 20% reduction in Greenhouse Gas (GHG) emissions Flexible - can be mixed with other fuels Corn oil as byproduct Fluctuating cost of feedstock Competition with food sources Blend walls can present limitations Doesn't drop into current infrastructure CELLULOSIC BIOFUELS Non-food based biomass (wood chips, switch grass) At least 60% reduction in GHG emissions Abundant, sustainable feedstock availability Low cost feedstock Drop-in ready options - no blend walls More emerging tech needs to commercially scale Consideration of natural habitats BIOMASS-BASED DIESEL Animal fat & waste, vegetable oil At least 50% reduction in GHG emissions Provides 90% more energy than needed to produce Competition with food sources Scalability OTHER ADVANCED BIOFUELS Miscellaneous - including algae, sugarcane, sugar-beets At least 50% reduction in GHG emissions Sugar and algae are not food staples so minimal impact to food prices Algae has potential to produce 30x more energy per acre than other sources Limited availability of sugarcane Harvesting algae is expensive Many of these solutions are still in R&D Each year for growing the RFS calls volumes, varying by source. CELLULOSIC BIODIESEL OTHER CONVENTIONAL 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 A sustainable fuel future must include diverse sources, including those that are renewable & minimize price volatility via domestic production. Sources epa.gov / cnn.com / greenthefuture.com / greenliving.com Created by KIOR / www.kior.com