More Ethanol Plant Closures in Iowa and Nebraska Underscore Calls for Relief

WASHINGTON, D.C. – Growth Energy CEO Emily Skor issued a statement following an announcement that two more plants will go offline amid the COVID-19 pandemic:

“This was the third week in a row that ethanol production hit a record-breaking low, even as stockpiles hit a new record-breaking high. The evaporation of fuel demand due to COVID-19 has been a knock-out blow to biofuel plants across the heartland, who were already fighting an uphill battle against trade barriers, regulatory threats, and a flood of foreign oil.

“Half the industry is already offline, and now two ADM plants – one in Iowa and one in Nebraska – have been added to the growing list of plants impacted. Ethanol producers represent the heart of the rural economy, and when they are forced offline, the ripple effect can be felt across the agricultural supply chain – from farmers without a market for their crops to meatpackers and ranchers that rely on local ethanol plants for animal feed and carbon dioxide.

“While a great deal of uncertainty still remains, we will continue to work with our state and congressional champions who are working to secure immediate relief that will keep this highly-skilled workforce intact so we will be ready to bounce back and fuel rural America’s economic recovery. With plans to support the oil and gas industry already underway, it’s vital that policymakers give the same consideration to biofuel workers and farmers equally impacted by disruptions to the motor fuel market.

“We urge policymakers to act swiftly. We have endured downturns before, and we will again, because there is no challenge greater than the resiliency, endurance, and ingenuity of our producers and farm partners.”