New Senate bill would give E15 year-round market presence
The ethanol industry is applauding the introduction of a bill to extend the Reid vapor pressure (RVP) waiver to ethanol blends above 10%. Meanwhile, Europeans are asking for bioenergy to make up a bigger portion of their energy mix and, based on a new study of ethanol’s impact on the U.S. economy, it’s not hard to see why. It’s all here in your weekly news roundup!
Senate bill would enable year-round E15 sales
A bipartisan trio of Senators has introduced a bill that would extend the RVP waiver to ethanol blends above 10%, a move that would give E15 year-round market presence.
Sens. Deb Fischer (R-Neb.), Joe Donnelly (D-Ind.) and Chuck Grassley (R-Iowa) introduced the Consumer and Fuel Retailer Choice Act (S. 517, H.R. 1311) to increase market access opportunities for higher blends of ethanol. It would allow retailers across the country to sell E15 and other ethanol blends year-round, increasing regulatory certainty and eliminating confusion at the pump.
Grassley said since the EPA has never acted on its authority to grant a Reid vapor pressure waiver for E15, legislative action is warranted.
For more on the bill, visit Ethanol Producer Magazine.
Study: Ethanol contributed $42.1B to 2016 U.S. economy
The U.S. ethanol industry added $42.1 billion to the nation’s gross domestic product and supported nearly 340,000 jobs in 2016, according to a new study commissioned by ABF Economics.
“The ethanol industry continues to make a significant contribution to the economy in terms of job creation, generation of tax revenue and displacement of imported crude oil and petroleum products. The importance of the ethanol industry to agriculture and rural economies is particularly notable,” the study found.
According to the analysis, the production and use of 15.25 billion gallons of ethanol last year also:
- contributed nearly $14.4 billion to the U.S. economy from manufacturing;
- added more than $22.5 billion in income for American households;
- generated an estimated $4.9 billion in tax revenue to the Federal Treasury and $3.6 billion in revenue to state and local governments; and
- displaced 510 million barrels of imported oil, keeping $20.1 billion in the U.S. economy.
Get more details of the study at the Renewable Fuels Association.
New poll says two-thirds of Europeans want more biofuels
A large majority of Europeans want biofuels production and use to grow, according to the German Bioethanol Industry Association.
A recent Europe-wide opinion poll found that 69% of consumers surveyed in the 28 European Union member states are in favor of increased use of biofuels, with only 15% opposed and 16% with no opinion on the matter.
Responses from more than 11,000 participants were analyzed in the poll commissioned by the European Renewable Ethanol Association. In Germany, the majority of poll participants (61%) supports the use of biofuels; 23% are opposed and 16% have no opinion. In France, 73% of consumers are in favor of biofuels, 13% are against and 14% of respondents have no view.
Read more about the poll at Ethanol Producer Magazine.