Included in the $3 trillion HEROES Act is support for the biofuels industry. A Renewable Fuel Reimbursement Program would pay biofuel makers based on the number of gallons produced from January through May. The ethanol industry welcomes the support. “We are very appreciative to be included in this bill. Short-term assistance allowing plants to stay afloat is important,” said Emily Skor, CEO, Growth Energy. Skor is focused on making sure the biofuels relief stays in-tact going through the legislative process, but it is unknown if relief will come soon enough for the industry. “Many ethanol plants were able to benefit from the Small Business Administration’s loans and grants. That created a bridge period, but not all ethanol plants qualified,” said Skor. “We will need help in the short-term. Just about half of the industry went offline. Plants will come back little by little, but we are concerned there may be plants who close and don’t open back up.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.