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BIO's Jim Greenwood talks farm bill, says DOE should hold authority over cellulosic loan guarantees

As legislators weigh their options for the 2007 farm bill, the biotechnology industry is lobbying for more funding to be allocated for biorefineries. During today's OnPoint, Jim Greenwood, former congressman of Pennsylvania's 8th District and the current president and CEO of Biotechnology Industry Organization discusses why his group believes biotechnology will play a key role in the future success of ethanol. Greenwood discusses why he believes DOE should control loan guarantees for cellulosic ethanol development. He also compares the economic feasibility of cellulosic ethanol and corn-based ethanol.