WASHINGTON, D.C. —  Growth Energy released the following statement regarding today’s White House meeting on the Renewable Fuel Standard (RFS).

“We are grateful the Administration will deliver on its promise for year-round E15 sales,” Growth Energy CEO Emily Skor said.

“Eliminating regulatory red tape so consumers can access this legal fuel year-round is a benefit to American drivers nationwide who appreciate that more biofuels means cleaner air and more savings at the pump. We hope the president’s decision will be acted on immediately so families can benefit during peak summer travel months.

“With the RIN cap officially dead, Senator Cruz is attempting to revive an old gimmick in a last-ditch attempt to kill ethanol demand. His scheme to generate RINs on exports was put to rest last fall with Administrator Pruitt’s letter to several senators, outlining a series of RFS commitments.

“Attaching a RIN to ethanol exports would have a crippling impact on American agriculture – significantly reducing demand for ethanol and corn. It would also have major trade implications, as export RINs would be considered a subsidy by our global trading partners, who will likely challenge this as unnecessary advantage to U.S. ethanol. Further, export RINs would be a clear violation of the RFS, which is intended to increase the domestic use of biofuels. We continue to thank our Congressional champions for standing firm against efforts to destroy ethanol demand.”

Last fall, Growth Energy commissioned research that showed the damaging impacts of an export subsidy for biofuels. The analysis shows immense impact on jobs, rural economies, and corn prices. Key findings include the following:

  • Corn losses of $27.9 billion over the next four corn marketing years,
  • An immediate drop of corn prices by 56 cents per bushel, and
  • A reduction of 25,000 jobs supported by U.S. ethanol exports

 

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Press Contact: 

Jenni Roberson

202.545.4000

[email protected]

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Associate member @kcoeisom provides critical financial and business efficiency services to #ethanol producers and more. Check out our latest member highlight of @kcoeisom to learn what makes them a valuable addition to our industry ⬇️ growthenergy.org/2019/05/24/mem… https://t.co/lSCcUL4mzi

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#Biofuel leaders applaud Rep. @CollinPeterson & @RepDustyJohnson for new legislation to increase transparency on small refinery exemptions to the #RFS. https://t.co/JbfAxknGy3

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#MemorialDayWeekend travel usually means higher prices at the pump, & @EIAgov estimates that gas prices will average as high as $2.92 this summer‼️ But by choosing earth-friendly #E15, you can save up to 🔟 cents/gallon! Find an #E15 station near you at getbiofuel.com https://t.co/nx5K6GsCJd

via @GrowthEnergy

.@EmilySkor continued, “There is an urgent need to address the lack of transparency over small refinery exemptions, and reallocate the 2.6 billion lost gallons of #biofuels demand as a result of these continued handouts to oil refineries.” (3/3)

via @GrowthEnergy