WASHINGTON, D.C. – Today, the Iowa state house passed the 2022 Biofuel Access Bill with overwhelming bipartisan support, and the bill now heads to Governor Reynolds’ desk to be signed into law. This follows state senate passage yesterday, and months of work by Growth Energy, POET, and other biofuels and ag leaders in the state to give Iowans cleaner, more affordable fuel options. The legislation would offer E15 statewide by 2026 and update the E15 promotion tax credit to $0.09 per gallon year-round through 2025. In a statement, Growth Energy CEO Emily Skor applauded the bill’s passage:
“This week’s bipartisan and bicameral support of the Biofuels Access Bill underscores Iowa legislators’ strong commitment to making statewide E15 a reality, a move that could soon provide all families across Iowa access to affordable, engine smart, earth kind fuel options,” said Skor. “As our nation was reminded earlier this month with President Biden’s national E15 announcement, Iowa is a leader in addressing high gas prices and rising climate challenges through expanded access to higher biofuel blends. Research shows that statewide E15 in Iowa could cut climate emissions by 180,000 metric tons, the equivalent of removing almost 40,000 vehicles off the road across the state. In recent weeks, drivers in Iowa have seen significant savings when filling up with E15, which makes a meaningful difference, especially amid today’s high gas prices.
“We thank Governor Reynolds for her leadership; Speaker Grassley, Minority Leader Konfrst, and Chair Hein in the House; and Majority Leader Whitver, Sens. Zumbach, Brown, and Minority Leader Wahls in the Senate for their strong support of biofuels and for once again placing Iowa at the forefront of providing access to cleaner, American biofuels with the passage of this legislation. We look forward to Governor Reynolds’ swift approval of the 2022 Biofuel Access Bill and for this legislation to serve as an example for biofuels’ role in decarbonizing our transportation.”
The 2022 Biofuel Access Bill was unveiled by Governor Reynolds on January 24, 2022, which Growth Energy supported.
We recently hosted U.S. Sen. Steve Daines at the CHS refinery in Laurel, Montana. The event included a tour and a discussion about domestic energy policy, and how the refinery supports our customers and owners across rural America. https://t.co/xe0NF7MSUb