Growth Energy's Buis encouraged by energy secretary's comments
The CEO of the ethanol lobbying group Growth Energy says he is encouraged byrecent remarks from Secretary of Energy Steven Chu in regard to increasing the ethanol blend rate.
Tom Buis of Growth Energy was responding to remarks made by Chu at a Global Energy Summit in New York this week. According to wire reports, Chu said that moving to a 12 or13 percent blend would benefit the U.S. energy supply, provided the higher blends do not hurt car engines.
The EPA is considering a request from Growth Energy and other groups to increase the ethanol blend percentage to 15 percent. Buis says failure to raise the so-calledblend wall could result in proposed cellulosic ethanol projects being postponed or cancelled.
In that same speech, Chu echoed comments by President Obama that the U.S. should move as quickly as possible beyond corn as the main feedstock for ethanol. In Chu’s words—” Iwould rather see as quickly as possible if we can develop the technology that would allow the American farmers to transition to cellulosic ethanol.”