RFA calls on Trump Administration to help struggling biofuels industry
The Renewable Fuels Association (RFA) is asking the White House to help the struggling biofuels industry.
“With many ethanol plants on the verge of shutting down, we implore the Trump Administration to take action that equitably supports all liquid fuel industries—including ethanol producers—during this time of unprecedented market uncertainty and unrest,” RFA CEO Geoff Cooper said in a new release.
RFA chief economist Scott Richman tells Brownfield the easiest and most positive thing the administration could do for biofuels is to announce that it will not appeal the 10th Circuit Court decision on small refinery waivers.
“That’s something they can do very quickly,” Richman says, “and if they were to go ahead and say that they’re not going to appeal that, and then implement it nationally to create a level playing field, that would serve as a clear signal that, even in these times, the RFS is being maintained.”
Richman says they may request other assistance from the administration as well.
“There may need to be other steps as we go along, because the things that have happened in the last couple of days in the markets are not good—but we’re just going to have to see how that evolves.”
AUDIO: Scott Richman