House Ag Chair Says Ethanol Industry “In Crisis”

2020 has been a difficult year for nearly everyone, and that’s especially the case for the ethanol industry. House Ag Committee Chairman Collin Peterson says aid for the industry is contained in the House-passed HEROES Act, which they’re trying to reconcile with the Senate COVID-19 relief bill. Peterson says the industry needs some assistance as soon as possible…

The Minnesota Democrat says getting the ethanol industry going in the right direction would be a big boost for the price of corn…

Refineries have nearly 100 petitions before the Environmental Protection Agency for retroactive waivers in a continuing attempt to get out of their obligations under the Renewable Fuel Standard. However, Peterson notes that the ethanol industry would benefit if people would start driving more and the price of oil would bounce back, both of what he calls “very influential factors” for the industry’s health.