Help for the U.S. ethanol sector will benefit both farmers and the renewable fuels industry, according to American Coalition for Ethanol (ACE) CEO Brian Jennings.
“More than half of U.S. ethanol production capacity is already offline, high-skill jobs are being shed, livestock and food processing customers are facing supply disruptions, and our members’ working capital is vanishing. Ethanol use could fall by more than three billion gallons in 2020, eliminating the market for at least one billion bushels of U.S. corn,” Jennings wrote in a letter to President Donald Trump. “As you did on April 21, when you directed the Secretaries of Energy and Treasury to formulate a plan to provide funds to the oil and gas industry, we urge similar action for our sector.”
Noting the group has sought out help from EPA relative to the 2020 biofuel requirements under the Renewable Fuel Standard (RFS), Jennings said the situation has “exposed a shortcoming in the agency’s rulemaking, and failure to increase the RFS this year will result in a waiver of promised gallons.”
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