NEW YORK (Dow Jones)–Ethanol producers have launched a new organization, Growth Energy, to combat claims that the corn-based fuel has driven food prices upward.
The companies, including ethanol producers POET LLC and Green Plains Renewable Energy Inc. (GPRE) plant-builder ICM, said the group would be an aggressive voice in the energy debate. The companies will continue to be members of existing trade organizations such as the Renewable Fuels Association.
Growth Energy has launched an ad campaign and developed a policy brief, saying that ethanol isn't responsible for increased food prices.
“We believe that Growth Energy will be a new, fresh, aggressive voice in the energy debate,” said POET Chief Executive Jeff Broin, speaking at a press conference Tuesday. He said the group would drive the message of ethanol forward.
The companies say energy costs and factors outside of ethanol drove food prices upward. At the press conference, executives from the companies involved in Growth Energy said they were responding to a “smear campaign” from large food producers, who had blamed ethanol for rising food prices.
Growth Energy said its campaign comes at a time when corn prices have decreased by more than 50% and oil prices have been tumbling while food prices continue to soar.
WASHINGTON, D.C. – Advocates and experts have virtually converged in Washington, D.C. this week for Growth Energy’s annual Biofuels Summit to advocate for biofuels in our nation’s capital. Growth Energy CEO Emily Skor kicked off this year’s all-virtual event with opening remarks and a fireside chat on industry priorities with Growth Energy Chairman of the […]
In her keynote address at the 36th Annual International Fuel Ethanol Workshop & Expo (FEW), Growth Energy CEO Emily Skor provided an update on the industry’s recovery amid COVID-19 and offered an exciting vision for growth in the months and years ahead. “We approach this decade through the lens of what will drive demand for […]
Sponsored by our partner, @GrowthEnergy: High ethanol blends are boosting sales for the convenience stores that sell them, and the ever-growing base of faithful E15 consumers is proof of it. #cstores #retail https://t.co/0F4BO5Tx5B
Celebrating 20 years of providing renewable energy and supporting MO’s #1 industry, @MoAgriculture, at @POETbiofuels in Macon this morning. One of just six farmer-owned ethanol plants in our state, providing fuel, feed, fiber and sustainability to keep moving #MissouriForward. https://t.co/3M8g0FgOjW
Thank you for being a true champion for #biofuels at @USDA, @DepSecSteve. We look forward to continuing to work with you at @ASA_Soybeans! https://t.co/UgwdquohsJ
“We approach this decade through the lens of what will drive demand for American Ethanol and propel this industry forward.” - @GrowthEnergy CEO Emily Skor https://t.co/YKErZl9Ndr