Biofuels:

API's Greco discusses Congress' latest moves to reform renewable fuels policy

As the Office of Management and Budget reviews U.S. EPA's proposal for 2014 renewable fuel volumes, Congress continues to debate a legislative fix to the policy. During today's OnPoint, Bob Greco, director of downstream activities at the American Petroleum Institute, discusses the latest efforts in Congress to reform the renewable fuel standard (RFS). He also explains why he believes recent advancements in cellulosic technology are not enough to address volume discrepancies.