RFA: Supply not going to be an Issue

Cindy Zimmerman

RFA The “promoter-in-chief” of the ethanol industry plans to tell a Senate committee tomorrow that the industry is prepared for the transition from MTBE to ethanol. The Renewable Fuels Association sent out this audio clip from president Bob Dinneen, in which he states, “Supply is not going to be an issue” when it comes to the transition. Dinneen, who is proud of the “promoter-in-chief” moniker assigned to him by the Wall Street Journal, says tomorrow’s Senate Environment and Public Works Committee hearing is “timely” and he plans to testify that the ethanol industry is working hard to make sure “the transition from MTBE to ethanol in the mid-Atlantic, Northeast and Texas is as successful as it was in California, New York and Connecticut.” As to the question of whether there will be enough supply to meet the demand, Dinneen says “you bet there will be.” RFA announced today that the U.S. ethanol industry continued its record setting pace with a new monthly production record of 288,000 barrels per day in January.