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BlueFire Ethanol Fuels, Inc.'s
(PINKSHEETS: BFRE) CEO and President Arnold R. Klann today
expressed support for California Governor Schwarzenegger's
Directive to establish the world's first Low Carbon Standard for
Transportation Fuels (LCFS).
Under the proposal, fuel providers would
be required to ensure that the fuel they sell into the California
market meets a declining standard for GHG emissions. The Governor's
office expects that through the LCFS program, we will replace 20%
of our on-road gasoline consumption with lower-carbon fuels, triple
the size of California's renewable fuels market, and place more
than 7 million alternative fuel or hybrid vehicles on California's
roads.
Commenting on the Governor's actions, Mr.
Klann stated, "Clearly the Governor has picked the best opportunity
and most immediate pathway for controlling GHG emissions." The
transportation sector accounts for forty percent of California's
annual greenhouse gas emissions and we rely on petroleum-based
fuels for an overwhelming 96 percent of our transportation
needs."
"Ethanol is a solution and is already
available, but widespread implementation is key," said Mr. Klann.
"We must all work together to bring the reality of using our
abundant biomass (cellulosic) resources to produce fuels for
California. The technologies to convert cellulose to ethanol are
already here, refiners have made significant investments to blend
ethanol, and flexible-fuel vehicles are now affordable. We have
more than enough fuel demand for all to participate and the myriad
of feedstocks from rural to urban invites participation by all
stakeholders. The LCFS, together with a comprehensive bioenergy
policy, and financing and production incentives that encourage
in-state production using California's biomass would put California
ahead of the Nation in achieving fuel diversity goals while curbing
GHG emissions. If we are all successful, we the consumers win by
getting fuel choice," added Mr. Klann.
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