Biofuel Backers Mark 15th Anniversary of RFS

The ethanol industry is marking the 15th anniversary of the Renewable Fuel Standard in the era of the coronavirus: a record of past success marred by the more current turmoil of the pandemic. The Renewable Fuels Association is out with a progress report as the ethanol industry marks the 15th anniversary this Saturday of President George W Bush signing the 2005 law that created the RFS. RFA Chief Economist Scott Richman…

But the pandemic cut production in half, while EPA blending waivers to small oil refiners dropped demand by some 4.5 billion gallons. RFA CEO Geoff Cooper is now looking toward an elusive new virus relief package…

The ethanol industry will also be pushing hard to expand demand through sale of higher blends and more ethanol exports, while it continues to fight EPA over oil refinery waivers and to reset RFS volumes beyond 2022.