The need for the Renewable Fuel Standard (RFS) and other federal policies to support the industry and attract investment was a key theme of today's hearing.The U.S. Senate Agriculture Committee today held a hearing, Advanced Biofuels: Creating Jobs and Lower Prices at the Pump, that focused on advanced, non-food based biofuels. This comes as the leading cellulosic biofuels company, KiOR, received a make-or-break recapitalization at the eleventh hour from original an investor, Vinod Khosla. Without that timely financing, KiOR announced it would likely close its doors this week. This deal has repercussions beyond shareholders and employees as this isn't just another high-tech start-up in the renewable fuels world. KiOR was in many ways the co...