The unprecedented, nationwide Coronavirus (COVID-19) health pandemic sent a shockwave throughout the biofuels industry. Due to stay-at-home orders across the country, drivers vacated the roads, which caused gasoline and ethanol demand to plummet.

In just a few weeks, demand fell by 50% and ethanol production fell as low as 9.45 billion gallons annualized (compared to 15.8 billion gallons pre-pandemic). With a fast-shrinking market for biofuels, ethanol stockpiles reached all-time highs and prices crashed, causing plants to face significant losses on every gallon produced.

As ethanol plants were forced to slow production or idle altogether, markets down the supply stream were impacted too. Corn farmers struggled. Food and beverage companies and water treatment facilities that use carbon dioxide from our plants faced shortages. Livestock owners who purchase dried distillers grains (DDGs) to feed their cattle had to find more costly and less nutritious alternatives. As cars returned to the road, gasoline and ethanol demand has steadily risen, but production remains below pre-pandemic levels, and financial relief remains key to our industry’s recovery.

Growth Energy continues to support:

  • Assistance measures in the Senate bill (S. 3756) led by Sens. Grassley (R-IA) and Klobuchar (D-MN) that would reimburse for feedstock purchases in Q1 of 2020
  • The Small Business Administration’s Paycheck Protection Program
    • Designed to provide direct payroll relief to qualified small businesses

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As the holiday season officially begins, CEO @EmilySkor spoke with TV and radio stations from across the country about how Americans can save money and help the environment by selecting higher biofuel blends like UNL88 at the pump. Take a look: fb.watch/9Cfw4CXanZ/

via @GrowthEnergy

I’m throughly disappointed that @EPA failed to meet their deadline for issuing biofuel blending requirements that would lower emissions & gas prices. Keeping biofuels in the U.S. clean energy agenda means ensuring fossil fuel companies can’t keep skirting their #RFS obligations.

via @RepCindyAxne

Earlier this month, we submitted a Notice of Intent to sue @EPA regarding its failure to timely fulfill the agency’s statutory obligation under the RFS to issue the 2022 RVO. That was 28 days before today's deadline of November 30. growthenergy.org/2021/11/02/gro…

via @GrowthEnergy

🛎 @EPA, today marks the statutory deadline under the RFS to issue the 2022 RVO. Failing to issue RVOs on time is a missed opportunity to address our climate challenge, provide consumers with continued lower-carbon choices at the pump, and contribute to the rural recovery. https://t.co/dheapJIHKz

via @GrowthEnergy