RENEWABLE FUELS STANDARD

* GOAL: TRIPLE THE DEMAND FOR ETHANOL USED IN U.S.GASOLINE OVER THE NEXT 10 YEARS WHILE REDUCING OUR DEPENDENCE ON IMPORTED OIL.

* TRIPLES DEMAND FOR ETHANOL USE IN AMERICA

S. 670, The "Renewable Fuels Acts of 2001," Introduced by Senators Tom Daschle, D-S.D., and Richard Lugar, R-Ind., Establishes A Fuels Standard For Gasoline That Will Triple The Use of Ethanol Nationally.

The U.S. Department of Agriculture (USDA) Estimates That Tripling The Demand For Ethanol Will Increase U.S. Farm Income By About $1.3 Billion Per Year.

Corn Utilization of an Additional 1.4 Billion Bushels Per Year Will add 56-84 Cents Per Year Per Bushel to the Price Received by Producers for All Corn Sold.

Increased Ethanol Use Will Reduce Farm Program Costs.



* REDUCES DEPENDENCE ON FOREIGN OIL

* PHASES OUT USE OF MTBE

S.670 Phases Out The Use Of MTBE Over 4 Years. MTBE Is A Fuel Additive Responsible For The Contamination Of Drinking Water And Ground Water Supplies In Many States.

* CLEAN BURNING ETHANOL REDUCES AIR POLLUTION

The Standard Requires A Minimum Percentage Of Renewable Fuel Content In All Motor Fuel Sold In The U.S. The Legislation Retains The Current Reformulated Gasoline (RFG) Oxygenate Requirement Designed To Reduce Air. Strict Anti-Backsliding Requirements In The Bill Ensure That Air Quality Gain From The Reformulated Gasoline Program Are Preserved.

* PROVIDES FOR INCENTIVES TO EXPAND OTHER BIOFUELS USE

The Legislation Also Establishes Separate Requirements For Non-Gas Fuels As Biodiesel.

* SUPPLY RELIABILITY FOR RENEWABLE FUELS CAN BE PROVIDED BY U.S.FARMERS

A Farm-Store Renewable Energy Reserve, Dedicated For Bioenergy Production, Can Ensure A Dependable, Long-Term Supply Of Renewable Energy Feedstock.

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Texas Farmers Union, P.O. Box 738, Sweetwater, Tx 79556