Biden to lift summer restrictions on E15 in the US
The announcement included updates on more biofuel infrastructure funding and distributions as well as $700 million (€645 million) in biofuel aid to be awarded.
Growth Energy CEO Emily Skor, who attended the event, welcomed the announcement.
She said: “This welcome news for all American drivers seeking lower cost options at the pump. Lifting outdated and unnecessary summertime restrictions on E15 will ensure continued access to a fuel that has been saving drivers as much as 50 to 60 cents a gallon in recent weeks, offering working families relief at the pump at a time when they need it most.
“Not only is this decision a major win for American drivers and our nation’s energy security, it means cleaner options at the pump and a stronger rural economy. American biofuels like ethanol reduce greenhouse gas emissions by 46 percent compared to regular gasoline and are key to achieving the nation’s climate goals.
“We are grateful to President Biden and for the support of champions like Secretary Vilsack who have helped promote American biofuels as a solution to rising gasoline prices. We look forward to working with this administration and leaders in Congress to deliver a permanent fix to restore year-round access to E15 in the years ahead.”
Available at more than 2,600 gas stations across 31 states, E15 is approved for more than 96 percent of light duty vehicles, which account for 98% of all vehicle miles traveled. Even before the recent run-up in oil prices, it was estimated that nationwide access to E15 could save drivers $12.2 billion annually in fuel costs.
POET is a founding member of Growth Energy and has hosted the last four US presidents at one of their biorefineries. This is also the second time President Biden has visited a Growth Energy plant. As a presidential candidate, Biden toured Growth Energy member Big River Resources in Burlington, Iowa in 2019.