Novozymes Applauds Introduction of Bill to Fund Energy Programs in Farm Bill
Date Posted: March 30, 2012
Washington, DC—Novozymes, the leading producer of enzymes that turn biomass into biofuels, applauded a move to provide mandatory funding for the energy programs in the current farm bill, including the Biorefinery Assistance Program, Biomass Crop Assistance Program and Bio-Based Markets Program.
“This is the right move for America’s economy.
"The principle challenges facing America are job creation and energizing the economy.
"The energy programs in the farm bill can address those challenges – and have proven it,” Adam Monroe, President of Novozymes North America, said.
“These programs create rural jobs across the U.S. and support domestic energy production.
"Recognizing the current budget environment, we thank these Senators for making the tough but right choice that will diversify our fuel supply and improve our transportation system.”
The Rural Energy Investment Act was introduced by Sens. Tom Harkin (D-Iowa), Kent Conrad (D-N.D.), Amy Klobuchar (D-Minn.) and Al Franken (D-Minn.).
The legislation extends these important programs past their current 2012 authorizations, while providing mandatory funding to enable near- and long-term impact throughout the economy.
President Obama has spoken several times in recent weeks about America’s challenge of reducing its costly dependence on foreign oil and increasing its reliance on home-grown renewable energy sources while competing in a $2.4 trillion worldwide clean energy market.
Global production capacity of cellulosic ethanol is estimated to reach about 15 million gallons in 2012 and 250 million gallons in 2014.
A recent study by Bloomberg New Energy Finance shows that using less than 20 percent of the United State’s available agricultural waste could produce more than 18 billion gallons of ethanol every year, replacing 16 percent of U.S. gasoline consumption by 2030.
This would create 1.4 million domestic jobs.
For more information, call 202-285-5861.