Iowa’s E15 statewide goal moves a step closer
The Iowa state legislature introduced new legislation to move the US state to overall higher biofuel blends.
This includes offering E15 statewide by 2025 and updating the E15 promotion tax credit to $0.03 per gallon year-round.
It is estimated that over the first five years, the legislation would increase ethanol demand by over 117 million gallons.
Growth Energy CEO Emily Skor welcomed the news about the state legislation.
She said: “Iowa is often known as one of the country’s standard-bearers for ethanol policy, and this move to statewide E15 offerings solidifies their status as leaders in growing Iowans’ access to cleaner and better value fueling options at the pump.
“Because of the continued support from Iowa biofuel champions like Governor Reynolds, the E15 legislation introduced in the Iowa state legislature is a big step to offering higher biofuel blends to more and more Iowans and Americans.”
She added: “A recently released study found that if the US transitioned from E10 to E15, greenhouse gas (GHG) emissions would be lowered by 17.62 million tonnes per year, the equivalent of removing approximately 3.85 million vehicles from the road. Iowa’s E15 goals will not only offer a more affordable fuel alternative to drivers but will also play a large part in our country’s efforts to decarbonise the transportation sector."
This includes offering E15 statewide by 2025 and updating the E15 promotion tax credit to $0.03 per gallon year-round.
It is estimated that over the first five years, the legislation would increase ethanol demand by over 117 million gallons.
Growth Energy CEO Emily Skor welcomed the news about the state legislation.
She said: “Iowa is often known as one of the country’s standard-bearers for ethanol policy, and this move to statewide E15 offerings solidifies their status as leaders in growing Iowans’ access to cleaner and better value fueling options at the pump.
“Because of the continued support from Iowa biofuel champions like Governor Reynolds, the E15 legislation introduced in the Iowa state legislature is a big step to offering higher biofuel blends to more and more Iowans and Americans.”
She added: “A recently released study found that if the US transitioned from E10 to E15, greenhouse gas (GHG) emissions would be lowered by 17.62 million tonnes per year, the equivalent of removing approximately 3.85 million vehicles from the road. Iowa’s E15 goals will not only offer a more affordable fuel alternative to drivers but will also play a large part in our country’s efforts to decarbonise the transportation sector."
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