Agricultural News
Growth Energy Welcomes Iowa Legislation to Promote E15
Mon, 08 Feb 2021 13:32:05 CST
Today, legislation in the Iowa state legislature was introduced to move the state to overall higher biofuel blends, including offering E15 statewide by 2025 and updating the E15 promotion tax credit to $0.03 per gallon year-round. It is estimated that over the first five years, the legislation would increase ethanol demand by over 117 million gallons. Growth Energy CEO Emily Skor released the following statement in support of the legislation:
"Iowa is often known as one of the country's standard-bearers for ethanol policy, and this move to statewide E15 offerings solidifies their status as leaders in growing Iowans' access to cleaner and better value fueling options at the pump," said Skor. "Because of the continued support from Iowa biofuel champions like Governor Reynolds, the E15 legislation introduced in the Iowa state legislature is a big step to offering higher biofuel blends to more and more Iowans and Americans.
"A recently released study found that if the United States transitioned from E10 to E15, greenhouse gas (GHG) emissions would be lowered by 17.62 million tons per year, the equivalent of removing approximately 3.85 million vehicles from the road. Iowa's E15 goals will not only offer a more affordable fuel alternative to drivers but will also play a large part in our country's efforts to decarbonize the transportation sector."
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