The purpose of the bill is to grant additional certainty for ethanol plants that have made investments or changes in operations to serve the need for hand sanitizer to help them recoup those costs and will serve to support continued production of ethanol for hand sanitizer at a time of high demand and reported shortages.
“The COVID-19 health pandemic has hit a wide spectrum of industries in our economy – including biofuels, as the demand for fuel has gone down,” said Thune. “While I recognize the amount of ethanol required for hand sanitizer will be a drop in the bucket for our ethanol producers, every bit helps, and American ethanol producers stand ready to help America get through these tough times.”
“ACE thanks Senator Thune for introducing legislation to provide greater certainty to ethanol producers about the investments they have made to respond to the ongoing coronavirus pandemic by supplying alcohol for sanitizer,” said Brian Jennings, CEO of the American Coalition for Ethanol. “Sanitizer production has helped keep some plants open and their workers employed during this downturn, all the while keeping their communities safer. Producers need some level of certainty that they won’t be inflicted with more regulatory whiplash after spending precious capital to retool their plants to provide sanitizer as Americans begin to slowly return to their normal activities.”
The bill is co-sponsored by Sens. Mike Braun (R-IN), Chuck Grassley (R-IA), and Mike Rounds (R-SD).