Fact Checks

  • FACT: Despite intense policy uncertainty, advanced biofuels reached an inflection point in 2014, spurring sustainable economic growth and reducing our reliance on foreign oil.

  • By 2022, the advanced biofuels industry is expected to produce $150 billion of economic output and support 800,000 jobs in the U.S. (Bio Economic Research Associates, February 2009, http://bit.ly/MqpCE7)

  • The four cellulosic ethanol plants scheduled to come online in 2014 represent nearly $1 billion in investment and will produce 83.75 million gallons of advanced biofuels per year. (Fuels America, April 2014, http://bit.ly/1nxnOVv)

  • The 27 advanced biofuel facilities now scheduled for construction will create up to 47,000 jobs by 2016. (U.S. Department of Energy, February 2013, http://1.usa.gov/1BbJBKu)

  • POET’s Project Liberty will generate up to $37.8 billion in economic activity and employ more than 2,800 people over the next 20 years. (Iowa Office of Energy Independence and the Iowa Power Fund, December 2010, http://bit.ly/1qoSZH3)

  • The U.S. has 1.3 billion tons of annual biomass potential, enough to sustainably replace over 30% of U.S. petroleum consumption with biofuels. (U.S. Department of Energy, http://1.usa.gov/1A6tZ8I)

  • The U.S. can produce 75 billion gallons of cellulosic ethanol by 2030 at costs competitive with gasoline that sells for $2.65 or more at the pump. (Sandia National Laboratory, http://bit.ly/1nwIzk4)

  • Iowa alone has enough corn stover to produce 1 billion gallons of sustainable, non-food ethanol annually by 2030. (Union of Concerned Scientists, July 2014, http://bit.ly/1qoOtIK)

  • Private investment in America's advanced biofuels industry totals over $4.85 billion since 2007. (Environmental Entrepreneurs, August 2013, http://bit.ly/1unarfC)

  • According to a lifecycle analysis by the EPA, cellulosic ethanol results in 60% fewer greenhouse gas emissions than gasoline. (U.S. EPA, February 2010, http://1.usa.gov/1lyMyB9)

  • Biodiesel production in 2012 reduced U.S. greenhouse gas emissions by 10 million metric tons. (LMC International, November 2013, http://bit.ly/1fngGte)

  • Researchers affiliated with the Argonne National Laboratory found that cellulosic ethanol produced from corn stover reduces greenhouse gas emissions 90%-103% compared to gasoline. (Environmental Research Letters, http://bit.ly/1r0zIYS)

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