IARN — The ethanol industry has been hurt severely in the past few years. Right now, COVID-19 is piling on top of the stress of trade barriers and the Environmental Protection Agencies (EPA) granting of small refinery exemptions (SREs). Speaking of the EPA and SREs, are you familiar with the classic children’s story, “If You Give a Mouse a Cookie”? Well, the mice are back for a glass of milk.
The governors of Texas, Wyoming, Oklahoma, Utah, and Louisiana are asking for further exemptions from the blending rules under the Renewable Fuels Standard (RFS). They are citing economic hardship from the COVID-19 outbreak. Geoff Cooper is the President and CEO of the Renewable Fuels Association (RFA). He says that everybody is hurting. COVID-19 has compounded strain on the biofuels industry which was caused by the wholesale granting of illegal waivers.
For more on this story, including comments from Geoff Cooper, visit the Iowa Agribusiness Radio Network.
