In a hearing Tuesday, the House Committee on Energy and Commerce reviewed the small refinery waivers granted by the EPA. Renewable Fuels Association President and CEO Geoff Cooper testified that at least 19 ethanol plants have idled or permanently close since the spring of 2018. “When an ethanol plant goes down, the local community suffers. We’re talking about lost jobs and a reduction of 20-to-25 cents in corn prices.” A representative of the petroleum industry said there has been no demand destruction for ethanol. Chet Thompson of the American Fuel and Petrochemical Manufacturers said the biofuels blend rate is at its highest level in history and the small refinery waivers have not had a significant impact on demand.
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