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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Hitting the road for the long weekend? Choose higher blends of biofuels to save money at the pump! E15 has saved consumers up to $.60 per gallon over the last several months. That's a meaningful difference. https://t.co/xaIvK4eY9q

via @GrowthEnergy

Iowa Corn was grateful to highlight the bright future of #E15 and higher #ethanol blends with @GrowthEnergy & @EthanolRFA on #biofuels panel @gilbarcoinc Retail Technology Conference #RTC2022 ⁦@NationalCorn⁩ https://t.co/LXF8Qz9OZK

via @iowa_corn

🔘 Outdated and inaccurate projections for future crop prices. 🔘 Double counted and incorrect emissions results. 🔘 Magnificent changes in land use that are overestimated. The anti-biofuel study from Lark is found to be problematic and misleading → bit.ly/3lJcxs3

via @GrowthEnergy

Thank you @EthanolMagazine for highlighting the potential of SAF from ethanol and particularly our project with @MarquisSaf. #SomedayIsNow #sustainableaviationfuel #decarbonization #netzero2050 https://t.co/GthzMKiQh8

via @LanzaJet