During his visit, which coincided with Ridgewater College’s tour of the plant on March 28, Peterson briefed CVEC on the latest attacks on the Renewable Fuel Standard (RFS).
“I recently met with Secretary Perdue to emphasize the importance of these programs for rural Minnesota, and will continue to fight changes to the RFS that would undermine its success,” said Rep. Peterson. “A cap on RIN prices would cost Minnesota corn farmers $370 million and hurt a lot of the investments farmers have made in our homegrown biofuels industry.”
Tim Rudnicki, executive director of the Minnesota Bio-Fuels Association, said they are glad to have Rep. Peterson working for ethanol and defending the RFS in Congress. “Thanks to the RFS, in 2017, the ethanol industry contributed $2.1 billion to Minnesota’s economy and supported 18,813 jobs while reducing 715,000 metric tons of greenhouse gas emissions,” he said.
The association recently released a short video to show the importance of the ethanol industry to Minnesota – watch it here: