Bio-fuels and Colorado Farm Bureau
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Bio-fuels and Colorado Farm Bureau

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Ports-to-Plains Energy Summit...

Ports-to-Plains Energy Summit
Omni Interlocken Resort
Broomfield, CO
April 7, 2011
The Ports-to-Plains Corridor has a diversified energy portfolio, and biofuels are a growing industry throughout the region. Learn about innovative developments in the industry in the corridor.

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Bio-fuels and Colorado Farm Bureau Bio-fuels and Colorado Farm Bureau Presentation Transcript

  • Impact of Biofuels on the RegionFarm Bureau’s Involvement Troy Bredenkamp Executive Vice President Colorado Farm Bureau
  • Impact of Biofuels• In a word…Positive. – 13B gals of ethanol produced in 2010. – Displaces 445M barrels of oil. – Reduces GHG emissions by 40-60% – Rural economic stimulus. – By-product a great feedstock for animal agriculture.
  • Impact of Ethanol on Corn Market– Approx. 4.5B bushels used in ethanol production.– 1.5B bushels returned in distillers for feed– 3B bushels total used in ethanol production.– 12.67B bushel crop in 2010.– Ethanol production = 23.7% net of crop.
  • Impact of Biofuels Regionally/Colorado– Ethanol/biodiesel production throughout Ports to Plains corridor… • 3.95B gal of ethanol production in NE, SD, KS, ND, TX, CO, NM and WY. • Jobs, jobs, jobs • Good for animal agriculture • Transportation (over road, rail)– In Colorado • 125M gal/yr ethanol capacity • NREL HQ in CO • Emerging technologies – algae, cellulosic
  • Farm Bureau Supports Biofuels…• AFBF/CFB Energy Policy: – Supports VEETC – Supports RFS – Blender pump incentives – Supports continued research into advanced biofuels technology. – Defends biofuels with respect to the food vs. fuel debate. – All forms of energy.
  • Colorado Farm Bureau Renew Colorado Project…• CFB explored developing an ethanol plant (2007-2010) – 60M gal plant in NE Colorado – State-of-art advanced biofuels – FS was promising…37% ROI – CFB proceeds - to fund rural economic development across CO.• Recession, credit market dries up, project has been shelved.
  • Challenges Facing Grain-based Biofuels• Limitations – 17B to 20B gal/yr max.• High feedstock prices.• Food vs. fuel debate will intensify.• Potential loss of tax credits.• Low carbon fuel standards (CA model)• Access to capital/credit.• 9+ billion population by 2050 (UN est.).• Continued loss of farm ground to development.
  • A Bright Future For Biofuels…• Political unrest across the globe. – Increasing fossil fuel prices – Increases public desire for “home grown” energy.• If advanced biofuels technology can be commercially developed. – Cellulosic technology – Low carbon tech alternatives – Diversify feedstock into woody biomass, refuse, etc.