The ethanol industry has been on a roll lately, as the price of Renewable Identification Numbers, or RINs, have been higher and profitable margins have returned to much of the industry following a difficult 2020.
The lawmakers thanked Vilsack for the recently announced $18.4 million in the Higher Blends Infrastructure Incentive Program, or HBIIP. “We look forward to seeing full funding for competitive grants and sales incentives through the program, as announced in May 2020,” the letter said.
“Building on the May 2019 announcement to allow for the year-round sales of E15, increased investments in infrastructure through the HBIIP will support, help rebuild markets, and increase biofuel consumption by allowing large quantities of higher ethanol blends to be sold. Increased investments in this program will serve to help stabilize demand and bolster the ability of producers to sell into the market while expanding domestic energy production.
“We continue to advocate for proactive approaches that complement COVID relief efforts to help rebuild the industry, and investments offered through the HBIIP, as well as clear and consistent labeling of higher biofuel blends including E15 and B20 or higher, are key for rural America to move forward with confidence.”
Also, this week Nevada Gov. Steve Sisolak signed legislation to allow sales of E15. The bill passed the Nevada legislature in May. It requires the Nevada Board of Agriculture to adopt rules governing sales of E15 by July 2022.
Todd Neeley can be reached at email@example.com
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