We are eagerly awaiting a report from the EPA on biofuel blending requirements that could be released today, but documents obtained this week by Reuters show the administration could deal a serious blow to corn growers.
The agency will reportedly cut blending requirements for this year and last year, retroactively. For 2020, the reduction is 3 billion gallons down to 17 billion. For this year, they increase to 18.6 billion, and then above 20 billion for next year.
Now again, these numbers leaked to Reutersand are not final, but if they are true, they deal a serious blow to the ethanol industry, which has struggled to recover from the pandemic.
President and CEO of the Renewable Fuels Association, Geoff Cooper spoke with RFD-TV’s own Tammi Arender on a recent letter to the White House, the progress the industry has made in recent years, and his message to the EPA moving forward.
“We are very concerned about the rumors we’re hearing... regarding the plan, or potential plan, by this EPA to severely reduce the RFS blending requirements for 2021 and 2022, and then to go even further then that, they are talking about retroactively going back and reducing the 2020 requirements. I really need to make clear that these cuts to the RFS are just rumored at this point... We haven’t seen the actual proposals yet... But, the bottom line is if these rumors are true and these are the numbers, it would be completely bewildering to us, it would be devastating to the ethanol industry...,” Cooper explains.
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