(Radio Iowa) – President Biden has taken a temporary step to ensure E-15 can be sold year-round.
Biden spoke about the decision to a crowd of invited guests inside an ethanol plant near Menlo Tuesday afternoon.
Biden says energy prices are the major driver of inflation right now.
Emily Skor is executive director of Growth Energy, a trade association for ethanol producers. Skor says the president has made a commitment to find a permanent fix.
In 2019, the Trump Administration moved to allow nationwide E-15 sales from June to mid-September.
Twitter photo of Pres. Biden at POET Biorefining, via Christian Datoc, White House Correspondent, Washington Examiner.
A federal judge ruled in favor of the oil industry’s challenge of that move and the U.S. Supreme Court declined to hear the case. That means the litigation path for addressing this issue is closed and Skor says the industry is pursuing two options: E-P-A action or passage of a bill in congress.
Iowa Farm Bureau president Brent Johnson says ethanol is a major market for one of Iowa’s main crops and Biden’s announcement helps stabilize the ethanol industry.
Biden made the announcement in a storage barn for dried distillers grain — by by-product of ethanol production and hosts left a 300 ton pile of it inside for the event.. Michael Walz is a V-P for POET, the company that owns the facility Biden visited.
POET operates 33 ethanol plants in eight states.
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