An Introduction To Cellulosic Biofuel Waiver Credits

Law360, New York (June 02, 2010, 12:01 PM ET) -- On Feb. 3, 2010, the U.S. Environmental Protection Agency issued its long-awaited amendments to the National Renewable Fuel Standard program (“RFS2”), which increased mandated quotas of ethanol, biodiesel and other biofuels in the U.S. transportation fuel supply.

The National Renewable Fuel Standard program was originally created in the 2005 federal energy bill and was substantially modified by the Energy Independence and Security Act of 2007 (“EISA”).

The RFS2 program sets quotas for biofuels in the U.S. fuel supply starting at 12.95 billion gallons in 2010 with...
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