America’s Ethanol Future Topic of Annual MeetingTue, 25 Jan 2011 17:17:28 CST
In prepared remarks for the Iowa Renewable Fuels Association annual meeting, Bob Dinneen, President and CEO of the Renewable Fuels Association, addressed the role of ethanol production in America’s future. In addressing the debate over reforming ethanol tax policy, Dinneen said, “We can’t legislate with wishes and bumper sticker slogans. We need to recognize the need to reform the existing tax incentive to reduce cost, encourage innovation and reflect changing market conditions.”
But Dinneen warned, “We should not be bullied into abandoning a structure that has worked quite well, enabling marketers to invest in the infrastructure for a growing industry while lowering consumer gasoline prices for consumers.” Dinneen added that discussion about future ethanol policy must also include a meaningful effort to accelerate the commercialization of cellulosic ethanol and other advanced biofuels.
On the issue of ethanol infrastructure, Dinneen notes that smart tax policy can help achieve our goals. However, he cautioned that any discussion of future ethanol tax policy must be done in a broader energy context. Dinneen says it’s critically important that a unilateral disarmament for ethanol not be allowed.
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