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Wisconsin Biofuels Association: Gov Evers joins six other midwestern Governors on a letter to the EPA regarding year-round E15
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National Ethanol Conference — February 21-23,2022 — New Orleans, LA – Advanced BioFuels USA
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As Congress continues to negotiate a new COVID-19 aid package, the pandemic continues to batter the U.S. ethanol industry and the Renewable Fuels Association (RFA) wants lawmakers to know the challenges producers are facing.
With losses from the pandemic nearing $4 billion, the ethanol industry continues to fight for implementation of the Tenth Circuit Court decision nationwide, and prepares to enter the new year with the uncertainty of having no Renewable Volume Obligations set for 2021.
Added to all of this, Brazil made the decision this week to impose a 20 percent tariff on all U.S. ethanol imports.
RFA held a press conference to provide an update on these issues and more with:
Jim Parkin iStock Slowed fuel use from pandemic results in loss of 700 million bushels of corn grind and 2 billion gallons of production.
The coronavirus pandemic’s induced reduction in gasoline demand and fuel use resulted in 2 billion gallons in reduced ethanol production from March to November. That equals an estimated $3.8 billion in lost revenues for the ethanol industry, and 700 million bushels of corn not ground, according to Scott Richman, economist at the Renewable Fuels Association.
During a call with the media Wednesday morning, Richman says the economic impact to the ethanol industry is continuing. “The impact from this pandemic is not over yet. Even though our industry is very resilient, it’s taken a direct hit from this pandemic.”
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