The big news out of Washington, DC today is very good news for the ethanol industry.
Senate-House Energy Bill Negotiators Agree to Double Demand for Ethanol – American Motorists will have Access to More Clean, Cost-Effective Fuel
Sioux Falls, SD (July 26, 2005) – The American Coalition for Ethanol (ACE) today praised the Energy Bill Conference Committee for passing a Renewable Fuels Standard (RFS) calling for at least 7.5 billion gallons of homegrown ethanol to be used by 2012, thereby reducing the nation’s dangerous dependence on foreign oil and providing a much needed boost for rural economies.
“The American Coalition for Ethanol applauds the energy bill conferees for approving a dramatic Renewable Fuels Standard as part of the comprehensive energy bill. This is a critical step towards doubling ethanol use by 2012. We encourage Congress to adopt the overall energy bill containing the RFS later this week,” said Brian Jennings, ACE Executive Vice President. “The historic bipartisan Senate-House agreement on renewable fuels guarantees the U.S. will replace a modest level of high-priced foreign oil with cleaner, less expensive ethanol and biodiesel. It’s a win for American farmers and American consumers.”
The 7.5 billion gallon RFS agreed upon in committee is just shy of the 8 billion gallon RFS passed in the Senate version of the energy bill.
For more information contact Kristin Brekke.