DuPont Industrial Biosciences Statement on Environmental Protection Agency Renewable Fuel Standards Rulemaking
KANSAS CITY, Kan. (PRWEB) June 25, 2015 -- Brenda Heffelfinger, business manager, Grain Processing, DuPont Industrial Biosciences, testified today at the U.S. Environmental Protection Agency (EPA) hearing on the Proposed 2014 to 2016 Renewable Fuel Standards Rulemaking in Kansas City, Kan. Upon testifying, DuPont issued the following statement:
“DuPont believes the proposed 2014 to 2016 Renewable Fuel Standards (RFS) rule is misguided and is a major step backward. Since the RFS was first enacted, the United States has quickly risen to lead the world in biofuels technology and execution. But that leadership is now hanging in the balance, dependent upon the actions of the EPA to correctly administer this policy.
“Make no mistake, investments in additional cellulosic ethanol capacity and plants in the United States are absolutely dependent on the EPA fulfilling its obligations to the existing biofuels industry. RFS policy certainty is a prerequisite for the existing industry to expand and invest in cellulosic ethanol capacity and new plants.
“DuPont plans to license the next wave of biofuels technology, cellulosic, here in the United States and around the world. However, the most promising announcements, negotiations and conversations are all happening outside the United States. As long as the EPA continues to undermine existing domestic biofuels capacity, this will continue, creating a scenario where the benefits of U.S. innovation and technological advances are realized overseas.
“The proposed RFS rule fails to meet the RFS objectives to improve energy security, reduce greenhouse gas emissions and promote domestic economies. The best course of action is for the EPA to abandon this proposed rule, go back to the drawing board and issue a new proposal based on the directive that Congress provided when the RFS was passed – a directive that supported American ingenuity, production and leadership in an innovative industry.”
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.
Forward Looking Statements - This document contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “believes,” “intends,” “estimates,” “anticipates” or other words of similar meaning. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, regulatory approval, market position, anticipated benefits of recent acquisitions, timing of anticipated benefits from restructuring actions, outcome of contingencies, such as litigation and environmental matters, expenditures and financial results, are forward looking statements. Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. Forward-looking statements also involve risks and uncertainties, many of which are beyond the company’s control. Some of the important factors that could cause the company’s actual results to differ materially from those projected in any such forward-looking statements are: fluctuations in energy and raw material prices; failure to develop and market new products and optimally manage product life cycles; ability to respond to market acceptance, rules, regulations and policies affecting products based on biotechnology; significant litigation and environmental matters; failure to appropriately manage process safety and product stewardship issues; changes in laws and regulations or political conditions; global economic and capital markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions; security threats, such as acts of sabotage, terrorism or war, weather events and natural disasters; ability to protect and enforce the company's intellectual property rights; successful integration of acquired businesses and separation of underperforming or non-strategic assets or businesses and successful completion of the proposed spinoff of the Performance Chemicals segment including ability to fully realize the expected benefits of the proposed spinoff. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.
# # #
6/25/15
Wendy Rosen, DuPont, 650-284-6429, [email protected]
Share this article