Trump Embraces E15 During White House Meeting on Renewable Fuel Standard
March 5, 2018
Press Contact: Monte Shaw
JOHNSTON, IOWA – At the White House today, President Donald Trump met with members of the biofuels industry and oil refiners to discuss the Renewable Fuel Standard (RFS). Iowans in the meeting included Senators Chuck Grassley and Joni Ernst; Charlie Good, fuel station owner; Rick Schwarck, CEO of Absolute Energy; Randy Howard, CEO of the Renewable Energy Group; and Bill Horan, Chairman of Western Iowa Energy.
Iowa Renewable Fuels Association Executive Director Monte Shaw made the following statement concerning the meeting:
“President Trump is a businessman and that clearly showed up today. Trump quickly grasped how allowing the year-round sale of E15 would increase ethanol blending and the supply of RFS credits, thereby lowering their cost for refiners. While refiners continue to ask the President to abdicate his support for the RFS, today’s meeting clearly highlighted that E15 can boost biofuel use and lower RFS credit prices without destroying the RFS. As the President continues to study this issue, we are confident that he will agree that year-round E15 sales are the true win-win.”
The Iowa Renewable Fuels Association represents the state’s liquid renewable fuels industry and works to foster its growth. Iowa is the nation’s leader in renewable fuels production with 43 ethanol refineries capable of producing nearly 4.4 billion gallons annually – including approximately 55 million gallons of annual cellulosic ethanol production capacity – and 12 biodiesel facilities with the capacity to produce 400 million gallons annually. For more information, visit the Iowa Renewable Fuels Association website at: www.IowaRFA.org.