The United States has reached a tipping point with respect to carbon dioxide emissions limits and energy independence. Although considerable debate continues over the importance of and methods of controlling carbon emissions, EPA and state actions are following a measured course toward carbon reductions. Additionally, the volatility of the U.S. oil supplies and future prices continue to be in the headlines and there are an abundance of issues that must be resolved regarding energy policy, volumes and prices.
The new Renewable Fuel Standard (RFS-2) legislation mandates the use of biofuels as a key strategy for reducing greenhouse gas emissions in the transportation sector. Beginning in 2011, a certain percentage of the renewable fuels must be advanced and/or cellulosic based biofuels and biomass-based diesel, which all are produced from biomass feedstocks.
ScottMadden has been playing a leading role in supporting the Department of Energy Loan Guarantee program by evaluating the majority of bioenergy applications made for advanced biofuels projects. This is the cutting edge of markets and technologies in this rapidly emerging space. We perform bioenergy projects for a variety of clients including investment bankers, venture capital firms, project developers, and the federal government.