$7 million allocated to Iowa renewable fuels retailers

Source: By Natalina Sents, Successful Farming • Posted: Tuesday, December 1, 2020

As Americans began spending more time at home to prevent the spread of COVID-19, fuel demands dropped drastically. As a result, more than 70 ethanol plants across the country idled and 70 more cut production capacity, jeopardizing jobs in rural communities and further reducing commodity prices. As of April 10, national ethanol production had dropped 44% compared with the same time in 2019, according to a report by the Renewable Fuels Association.

Iowa leads the nation in renewable fuels production. According to the Iowa Renewable Fuels Association, the Hawkeye state is home to 43 ethanol refineries capable of producing over 4.5 billion gallons annually and 11 biodiesel facilities with the capacity to produce nearly 400 million gallons annually.

“Renewable fuels are a win for everyone — consumers, retailers, farmers, and rural communities. Restoring renewable fuels offerings around the state is a great way to support our farmers, and it gives all Iowans access to more affordable, cleaner-burning fuels,” says Naig.