White House Steps Up Support for Biofuels

The White House made its first major statement on ethanol on Tuesday, mustering three Cabinet members to outline a plan to shield corn ethanol producers from the credit crisis, work with them to cut their use of natural gas and coal in ethanol production, and nudge the auto industry toward production of vehicles that can use ethanol at concentrations of up to 85 percent. In pursuing these goals, the Secretaries of Agriculture and Energy, Tom Vilsack and Steven Chu, along with the administrator of the Environmental Protection Agency, Lisa Jackson, announced during a press conference the formation of a “Biofuels Interagency Working Group,’’ comprised of the three agencies. Through the working group, the federal government announced several goals, including helping to refinance existing ethanol and biodiesel factories whose owners were having trouble obtaining credit, guaranteeing loans for the construction of new biorefineries, and expediting funding to help producers of cellulosic crops...NYTimes