Iowa Senators Chuck Grassley and Joni Ernst participated in a White House meeting Thursday on the future of the Renewable Fuels Standard and were representing the ethanol industry. Texas Senator Ted Cruz and Pennsylvania Senator Pat Toomey were at the meeting representing the interests of refiners.

Grassley says both sides made their case in the disagreement over the RFS. The only agreement was to look at economic studies for impact. No decisions were made. “Low corn prices are already squeezing farmers’ bottom lines,” Grassley says, “and if the RFS is undermined with a RIN price cap or waiver, that would make things even worse.”

Industry stakeholders were also present, including Growth Energy board members. Growth Energy CEO Emily Skor says, “We are grateful for President Trump giving our board members the opportunity to set the record straight about the importance of biofuels to our economy and the livelihood of America’s hard-working farmers.” She adds that the President clearly understands that the path forward is to allow sales of E15 year-round, promote growth, and put more RIN’s into the market.

Source:  NAFB News

More From AM 950 KOEL