WILMINGTON, Del., Oct. 30, 2013 (GLOBE NEWSWIRE) -- Butamax™ Advanced Biofuels, LLC, the leading biobutanol technology company, announced that it met with officials of the Office of Management and Budget to discuss the EPA's 2014 RVO targets. At that meeting Butamax informed OMB, EPA and other agency officials in attendance that it would submit documentation detailing how the RFS is working successfully. That document was submitted to the OMB today.
Butamax CEO Paul Beckwith stated "Butamax has an extensive real world understanding of how the RFS is working in the marketplace and how it is affecting consumers. Our analysis demonstrates that the policy is working to encourage biofuels usage, lower greenhouse gases, and is in fact functioning to keep prices at the pump low. Rhetoric claiming that the RFS is adding to fuel costs for the consumer just isn't accurate. We are submitting this document to support our statements and to explain how the long term goals of the legislation are already being achieved."
The Butamax submission, "How the RFS Actually Delivers Renewable Energy Policy Objectives", can be found at http://www.butamax.com/_assets/pdf/ButamaxRFS.pdf
Beckwith added "The goals of the RFS- U.S. domestic energy security, rural and agricultural jobs, and lower greenhouse gases - are being realized successfully. If media reports are accurate regarding the EPA's 2014 RVO targets, then the EPA will have failed to implement the RFS as designed by Congress, which was intended to drive biofuel growth. This would undermine efforts to grow U.S. domestic energy sources and protect the environment for future generations. Given the very serious negative repercussions for the environment and job creation, Butamax is hopeful that the White House, the EPA and OMB will maintain its long standing support of the bipartisan goals of the RFS."
Butamax™ Advanced Biofuels, LLC, was formed to develop and commercialize biobutanol as a next generation renewable biofuel for the transport market. The company is an independent joint venture that benefits from the synergy of DuPont's proven industrial biotechnology experience and BP's global fuels market knowledge. Butamax's proprietary technology offers a cost-advantaged manufacturing process for isobutanol with value from field to pump. For more information about Butamax, visit www.butamax.com and for information about Butamax's biobutanol technology and patent portfolio, visit www.butamaxpatents.com. All Butamax communications solely reflect the views of Butamax LLC.
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Butamax™ is a trademark of Butamax™ Advanced Biofuels, LLC.
CONTACT: Media Contact: Mark Buse, 202-494-6616 Mark.Buse@butamax.com