America's ethanol industry is taking its message to Capitol Hill this week amid a host of key issues bubbling to the surface. Extending key tax incentives for all forms of ethanol, expanding the market through higher ethanol blends, and increasing the production of flexible fuel vehicles are all topics of discussion during the visit. Members of the Renewable Fuels Association are scheduled to meet with Congressional offices from a dozen Midwestern states.
RFA CEO Bob Dinneen believes that no one advocates better on behalf of American ethanol then the men and women directly responsible for its production. Dinneen says these industry leaders are at the forefront of creating jobs and economic opportunity in rural America while simultaneously providing part of the solution to our nation's energy and environmental challenges.
According to a document released by the White House Council of Economic Advisors, the growth of American biofuels accompanying the demand created by the Renewable Fuels Standard will add $13 billion to farm incomes by 2022. The RFS calls for 36 billion gallons of renewable fuel use annually by 2022, with nearly 60% of that volume coming from feedstocks other than corn starch.
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