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Back to All Reports U.S. Economic Impact of Advanced Biofuels Production: Perspectives to 2030
Summary

The U.S. Renewable Fuel Standard (RFS) for transportation fuels sets minimum levels of renewable
fuels that must be blended into gasoline and other transportation fuels from 2006 to 2022. Specific
requirements for blending advanced biofuels, including cellulosic biofuels and biomass-based
biodiesel, begin at 0.6 billion gallons per year in 2009 and rise to 21 billion gallons in 2022. The
RFS levels for advanced biofuels production will drive the creation of a major new industry, creat-
ing a foundation for future technology development and commercial growth.

To estimate the economic implications of the emergence of this new industry, bio-era conducted a
meta-analysis of nearly two dozen studies of economic impacts of biofuels production, developed a
model to analyze economic output and job creation, and applied this model to analyze the economic
impact of increasing U.S. advanced biofuel production to 21 billion gallons per year by 2022.