White House Invests in Ethanol Market

U.S. Ag Secretary Sonny Perdue traveled through the heart of ethanol country last week to promote the Trump administration’s plan to invest up to $100 million to increase national biofuel sales.

Perdue made stops in southern Minnesota and Iowa, where he said the Higher Blends Infrastructure Incentive Program removes obstacles to offering consumers year-round access to E15 fuel.

The USDA is rolling out the first $22 million of the $100 million in investments projected to increase ethanol demand by nearly 150 million gallons annually.

Iowa U.S. Senator Chuck Grassley celebrated the news.

“When you get cars that about 90 percent can use E15, we’re going to be selling more ethanol. And we’re going to be more profitable in the price of corn, and profitable in ethanol.”

Renewable Fuels Association CEO Geoff Cooper says the $100 million from USDA will be matched by the private sector.

USDA is initially funding projects in Iowa, Illinois, Indiana, Minnesota, Missouri, Nebraska, Ohio and Wisconsin.

Source: Brownfield Ag News