Biofuels:

Amyris' Velasco discusses future of RFS following EPA action on volume targets

With U.S. EPA announcing it will use its flexibility under the renewable fuel standard (RFS) to reduce volumes in the 2014 RFS requirement, what is the future of the policy and could the agency seek to make broader changes? During today's OnPoint, Joel Velasco, senior vice president of California-based renewable fuels company Amyris, a board adviser to the Brazilian Sugarcane Industry Association and a board member of the Advanced Biofuels Association, discusses growing support in Congress for making adjustments to the RFS. He also weighs in on the economics of strengthening the U.S.-Brazilian biofuels partnership.