Roughly 150 biofuel plant managers urge President Donald Trump to pursue the path which is a win for agriculture, the biofuels industry and blue-collar workers, regarding the Renewable Fuel Standard (RFS) and Renewable Identification Number (RIN) prices.
Growth Energy joined biofuel managers in the letter calling for Reid Vapor Pressure (RVP) relief for E15 fuels and asking the Administration to reject Ted Cruz’s proposals that they say “pick winners and losers.”
Growth Energy CEO Emily Skor says Cruz?s campaign against RINs “is based on fairy tales designed to justify handouts for the same folks who raided corporate funds at the expense of local workers in Philadelphia,” referring to the failed refinery in Pennsylvania that claimed RIN prices led to its bankruptcy.
The letter to Trump explains allowing year-round E15 sales would “support growth on all sides, generate a new supply of RINs, and ease pressure on refiners.” It also states the proposal “holds no value” if it becomes tied to RIN caps that eliminate market access for biofuels.
