An amendment (SA 1612) by Senator Norm Coleman (R-MN) proposed an expansion of the renewable fuels standard (RFS) to 44 billion gallons by 2022, with 30 billion of that coming from advanced biofuels—e.g., cellulosic ethanol. The current language in the bill proposes a 36 billion gallon RFS by 2022, with 21 billion of that coming from renewable fuels. Coleman is thus proposing a 43% bump in the production of advanced biofuels over the same timeframe.
From Green Car Congress
Meanwhile at the CBOT Ethanol futures are in backwardization!
See page 3 of 26 page PDF