WASHINGTON, DC – Growth Energy, the coalition of U.S. ethanol supporters, released the following statement in response to the announcement of a deal made between Sens. John Thune (R-SD), Amy Klobuchar (D-Minn.) and Dianne Feinstein (D-Calif.) to reform the Volumetric Ethanol Excise Tax Credit (VEETC) in order to invest in next generation ethanol, remove barriers to the marketplace by providing consumer access at the pump, and reduce the federal budget deficit.

“Senators Thune and Klobuchar worked tirelessly to help shape a compromise that will benefit all Americans. This proposal will benefit consumers at the pump, reduce our dependence on foreign oil by investing in next generation biofuels, and make a significant contribution to reducing our nation’s budget deficit,” said Growth Energy CEO Tom Buis.

“Our nation has reaped enormous economic and environmental benefits from the use of ten percent ethanol in our fuel supply. Ethanol is home grown, better for the environment and is the only commercially viable alternative to foreign oil today. Increasing access to higher level blends of clean, renewable ethanol made from a variety of feedstocks will bring our nation one step closer toward achieving our energy independence goals.”

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About Growth Energy
Growth Energy represents the producers and supporters of ethanol who feed the world and fuel America in ways that achieve energy independence, improve economic well-being and create a healthier environment for all Americans now.
 

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Thank you @RepAngieCraig for supporting access to year-round E15! twitter.com/RepAngieCraig/…

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E15 lowered fuel prices for American drivers by up to a dollar a gallon this past summer. Today, we applaud Reps. Craig and Smith for introducing this legislation that would make lower-cost, lower-carbon fuels like E15 available all year long. twitter.com/GrowthEnergy/s…

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Today, @RepAngieCraig and @RepAdrianSmith introduced the Consumer and Fuel Retailer Choice Act in the U.S. House to ensure access to lower-cost, lower-carbon fuel all year long. bit.ly/3UHdbVY https://t.co/ysirU5bgrw

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When it comes to E15 savings this summer, see for yourself how higher blends of biofuels kept prices down at the pump across the country ⛽️ bit.ly/3uwTg1j

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