Ethanol was in need of a “growth story” and getting year round E15 will definitely help, according to new Renewable Fuels Association Chairman Neil Koehler, CEO of Pacific Ethanol.
“It’s about market share, and limiting ethanol to ten percent blends has been, in effect, restraint of trade,” said Koehler.
Koehler was featured on Fox Business just as the announcement was made official. “It’s very positive for our business, we are the world’s sixth largest ethanol producer,” he said, as the company’s stock ticker was shown heading upwards.
A second part to the administration’s action is to provide more transparency in the market for Renewable Identification Numbers (RINS) and Koehler says that could be done in a number of different ways, but previously floated ideas such as RIN price caps or counting exports “appear to be off the table.”
Koehler discusses the importance of year round E15 in this interview –Interview with RFA chair Neil Koehler, Pacific Ethanol