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Reading Summary: The Cellulosic Ethanol Debacle

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Department
Geography
Course
Geography 3422A/B
Professor
Milford Green
Semester
Fall

Description
The Cellulosic Ethanol Debacle 11/7/2012 5:45:00 PM The Cellulosic Ethanol Debacle  Congress mandated purchase of 250 million gallons in 2011 o Actual production was 6.6 million  President Bush green energy revolution regarding biofuels o Assured nation by 2012 cars and trucks would be powered by cellulosic fuels from switch grass and other plant life o $1.5 billion of grants and loan subsidies  2007 energy bill included a tax credit of $1.01 per gallon produced  This year cellulosic fuel production won’t be 250 million or even 35 million o EPA quietly reduced the 2011 requirement to 6.6 million gallons  Half-dozen or so companies that received the first round of subsidies to produce cellulosic fuel never got off the ground o 70% of the cellulosic supply to meet the 2010 mandate was supposed to come from Alabama-based Cello Energy  2009 jury in a civil fraud case ruled that Cello had lied about how much it could produ
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