There are rumors coming out of Washington, DC that several ethanol groups have come together to offer an alternative proposal to both VEETC, also known as the blender’s credit, as well as the ethanol tariff. DomesticFuel has confirmed that four groups, including the American Coalition for Ethanol (ACE), Growth Energy, National Corn Growers Association (NCGA), and the Renewable Fuels Association (RFA) have agreed upon a broad outline and framework that will be principles for a long-term policy road map for ethanol.
The goals of the road map are threefold and designed to overcome several major obstacles that if not addressed, could keep the country from meeting its renewable fuels goals as set out in the Renewable Fuels Standard (RFS2) that mandates the country use 36 billion gallons of biofuels by 2022.
Goal 1: Accelerate the deployment of blender pumps and flex-fuel vehicles (FFVs). Both of these actions will allow market access and a level playing field for biofuels.
Goal 2: Put into place long-term policy that will create a marketplace that investors feel confident in and one that will revive rural economies and create jobs.
Goal 3: Reward energy efficient technologies and practices that reduce greenhouse gas emissions at biorefineries creating a more sustainable future for ethanol.Read More