IRFA Thanks Senator Grassley for Biofuels Relief Legislation
May 19, 2020
Contact: Cassidy Walter
JOHNSTON, IOWA – Today Senator Chuck Grassley introduced legislation to provided economic relief for U.S. biofuels producers in response to the COVID-19 pandemic.
In response, Iowa Renewable Fuels Association Executive Director Monte Shaw made the following statement:
“Grassley’s bill would provide much-needed relief for biofuels producers in the face of COVID-19 demand destruction. The pandemic hit Iowa’s biofuels industry hard and around 40 percent of the state’s ethanol production capacity remains offline. Without economic help many plants may lack the necessary resources to purchase corn and resume production, even as more Americans head back to work and demand begins its long, slow climb back to normal levels. We thank Senator Chuck Grassley for leading the effort to help renewable fuel producers during this difficult time. IRFA encourages Congress to act swiftly to provide producers with this vital relief.”
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 over 4.5 billion gallons annually – including 34 million gallons of annual cellulosic ethanol production capacity – and 11 biodiesel facilities with the capacity to produce nearly 400 million gallons annually. For more information, visit the Iowa Renewable Fuels Association website at: www.IowaRFA.org.