FUEL AS AN INDUSTRY
The world still consumes massive amounts of diesel fuel. Now, renewable fuels are poised to play a crucial role in extending and enhancing fossil fuels. Since the inception of the EPA, our government, and others around the world, have been increasing mandatory regulations for fossil diesel producers to blend biodiesel or a compatible renewable biofuel in their tanks. First and foremost, let's make a clear distinction: renewable fuel is not biodiesel. Biodiesel got things started but has struggled to be economically viable. Renewable fuels that are environmentally sustainable are moving bio-diesels aside. Big oil companies are embracing renewable fuel alternatives and currently there is no shortage of interest. The technology and support WETCO provides will help you navigate the intricacies of the biofuel business. Take these facts into consideration:
- The U.S. alone consumes 168 million gallons of diesel every single day.
- Fuel is a multi-billion dollar industry.
- Industry research indicates discoveries of new oil and gas reserves dropped to the lowest level in over two decades in 2014.
- Federal RSF2 legislation mandates 20.5 billion gallons of renewable fuel for 2015, growing to 36 billion gallons by 2022.
You see the incredible potential. We want to spread our product and technology worldwide and we seek committed individuals who share our vision: to use cheap, abundant waste material as our "crude oil" or feedstock to meet energy needs worldwide. This is the future of fuel.
A Brief History of Biofuel
In December 1970, Richard Nixon signed an executive order and established the EPA. This organization sought to study and report the effects of our industrial complex on human health and to provide recommendations to regulate and find solutions to protect our health and environment. It is no surprise today that the EPA found exhaust from both gas and diesel engines produce particulates causing a variety of health and environmental concerns including asthma, acid rain, erosion and groundwater pollution. The effort to produce newer, cleaner, renewable fuels began.
Fast forward to 2014, the EPA set forth mandates into law that will soon force fossil diesel producers to blend 20% renewable diesel into their fossil fuel tanks. The American public has demanded better use of our resources and has not seen a viable new fuel product in 150 years.
We believe WETCO's patented technology can change that. Our renewable fuel technology can turn inexpensive waste feedstocks into a high-performing BTU value. Our W2 fuel is a clean biofuel. It is not only incredibly profitable, but is also completely sustainable, which makes it environmentally responsible.