McKinley joins call to develop domestic energy sources
DALLAS & WASHINGTON--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE - News), a global technology and specialty materials company, applauds Representative Pete Olson (R-Texas) for introducing House Bill 3773 yesterday on the floor of the United States House of Representatives. H.R. 3773 would amend section 211(o) of the Clean Air Act to allow fuel blenders to use Domestic Alternative Fuel to satisfy their obligations under the federal Renewable Fuels Standard (RFS).
Specifically, Rep. Olson’s bill, titled the Domestic Alternative Fuels Act of 2012, would allow ethanol produced from domestic hydrocarbons other than petroleum to satisfy the RFS requirement to use conventional biofuel (corn-based ethanol) to reduce the quantity of petroleum used in transportation fuel.
Steven Sterin, Celanese Corporation’s Chief Financial Officer and President of its Advanced Fuel Technologies business, issued the following endorsement of this significant legislative development.
“U.S. energy policy should encourage new ideas, technologies and innovation to promote a diverse set of energy and fuel choices. With such policies in place, the market will seek cost-efficient, environmentally advantaged liquid fuel solutions. Rep. Olson’s bill promotes free market economics and technical innovation over subsidies and mandates to achieve critical energy security goals. Our nation’s plentiful natural energy resources, such as natural gas, are a tremendous asset and can drive the economic growth of the United States for years to come. Rep. Olson’s bill creates conditions under which American innovation can achieve these goals without using valuable food resources for the production of liquid fuel.”
Rep. Olson’s bill, the Domestic Alternative Fuels Act of 2012, has bipartisan support in the House of Representatives, and he was joined by five original cosponsors: Rep. Joe R. Pitts (R-PA), Rep. David B. McKinley (R-WV), Rep. Gene Green (D-TX), Rep. Charles A. Gonzalez (D-TX), and Rep. Jim Costa (D-CA).