ACE applauds President Trump’s E15 year-round announcement
Posted on 10/09/2018
Sioux Falls, SD (October 9, 2018) – The American Coalition for Ethanol (ACE) CEO Brian Jennings released the following statement in response to President Donald Trump’s decision to extend Reid vapor pressure (RVP) relief to E15 by instructing the Environmental Protection Agency (EPA) to initiate a rulemaking process:
“We are sincerely grateful the President is making good on his promise to require EPA to issue a rule allowing E15 access to the market year-round. We also enormously appreciate the leadership of Iowa Senators Joni Ernst and Chuck Grassley for their unwavering support of the farmers, retailers, and biofuel producers who have pushed for this common-sense change for many years. Once a final rule is in place and retailers can sell E15 year-round, it will help create additional demand for farmers who are suffering from oversupplies and low crop prices.
“E15 is a low-cost, high-octane fuel EPA-approved as safe to use in 90 percent of all vehicles on the road today, so the beneficiaries of this positive step go beyond farmers and retailers to consumers who would have the opportunity to save money every time they fill up at the pump.
“The President’s decision will not prevent Big Oil from stonewalling year-round E15, so we encourage Acting EPA Administrator Andrew Wheeler to expeditiously publish a legally-defensible approach for extending RVP relief to E15 in the Federal Register for public comment and to finalize the rule before the 2019 low-RVP season kicks-in.
“We also look forward to working with EPA as they continue to explore ways to make the Renewable Identification Number (RIN) market more transparent and effective.”