WASHINGTON – Today, Growth Energy released the following statement regarding the signing by the President of the American Recovery and Reinvestment Act of 2009:

Growth Energy applauds the inclusion of measures supporting the renewable fuels industry in the American Recovery and Reinvestment Act of 2009.

The Act includes several provisions to spur the continued growth of the renewable fuels industry including funding for biomass research, development and deployment activities, loan guarantee funding for biofuels projects, increases in alternative refueling property credits and an investment tax credit for advanced energy projects. These measures will help speed the development of next-generation cellulosic ethanol that promises significant job creation, as well as considerable reductions in greenhouse gas emissions. The U.S. Department of Energy estimates that every additional billion gallons of ethanol produced create as many as 20,000 new jobs.

Ethanol is America’s best fuel now and will help boost our domestic economy through the creation of green-collar jobs, while reducing our dependence on foreign oil and addressing the challenge of climate change. We commend President Obama for his continued support and recognition of ethanol’s tremendous benefits to our nation’s economy, environment and national security.

 

About Growth Energy

Growth Energy is a group committed to the promise of agriculture and growing America's economy through cleaner, greener energy. Growth Energy members recognize America needs a new ethanol approach. Through smart policy reform and a proactive grassroots campaign, Growth Energy promotes reducing greenhouse gas emissions, expanding the use of ethanol in gasoline, decreasing our dependence on foreign oil, and creating American jobs at home. More information can be found at GrowthEnergy.org.

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Ethanol is smart domestic policy, plain and simple. It's better for engines, it's cleaner to produce, and it supports rural communities. We drove that message home this week at the Global Ethanol Summit, as we push for the free trade of ethanol all over the world. https://t.co/smxBYJXxjH

via @GrowthEnergy

We know ethanol burns cleaner than gas. We just released a new report that shows even more benefits: 1) Using less land for much higher crop yields 2) Using less water to irrigate those crops 3) Gas production process is far dirtier than ethanol process ethanolproducer.com/articles/16600…

via @GrowthEnergy

New report released by @GrowthEnergy shows how “new innovations have allowed us to ramp up #biofuel production year after year, without expanding our environmental footprint.” https://t.co/Te6A10zblq

via @FuelsAmerica

Dozens of biofuel plants shut down because of these exemptions. That's not an exaggeration — it's already happened. If these rules from the EPA are finalized, we're no closer to reopening those plants. We're determined to make sure that doesn't happen. agri-pulse.com/articles/12713…

via @GrowthEnergy