EDF-E2 Assessment Shows Rapid Growth in California
A new study by EDF and E2 sums up the benefits of biodiesel and profiles six companies they say are “helping to revolutionize the industry.” Biodiesel, states a summary, “not only reduces harmful greenhouse gas emissions and improves air quality; it is providing consumers with additional fuel choices at the pump and spurs green job growth.”
EDF and E2 are the national Environmental Defense Fund organization and Environmental Entrepreneurs, and affiliate of the Natural Resources Defense Council.
“As the world’s first advanced biofuel to be commercially produced, biodiesel has the capacity to create a triple-win for the state,” they say.
Their study, Biodiesel in California: Companies Fueling Positive Change, include case studies on companies illustrating the six steps of the biodiesel value chain:
- Biodico, research and development;
- North Star Biofuels, feedstock;
- Yokayo Biofuels, collector;
- Crimson Renewable Energy, production;
- Imperial Western Products, blending; and
- Propel Fuels, retail and distribution.
They “are integrating innovative practices and expanding the commercialization of low-carbon fuels with production capacities up to 20 million gallons a year,” states the summary.
“Some of these companies recycle used cooking oil as a feedstock, some are working to supply the Navy and oil refineries with lower carbon fuels, while others are working to assure choosing a biodiesel blend is as easy as picking up a different gas pump.”
Nationwide, according to an E2 analysis, the biofuels market has the potential to be worth more than $60 billion within the next decade, creating more than 18,000 jobs from nearly 30 biorefineries expected to open by 2015.
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Source: EDF and E2 with Fleets & Fuels follow-up