WASHINGTON, D.C.—Growth Energy, the nation’s largest biofuel trade association, issued the following statement after U.S. Department of Agriculture (USDA) Secretary Brooke Rollins announced that USDA would release $537 million of funds obligated under the Higher Blends Infrastructure Incentive Program (HBIIP)—a program that makes it easier for fuel retailers to offer fuel options made with higher-ethanol blended fuels including E15, a fuel blend made with 15% American ethanol that can be used in 96% of all cars on the road today.

“The release of this [HBIIP] funding will empower retailers to offer more American-made biofuels, which drives demand for ethanol and the corn used to make it,” said Growth Energy CEO Emily Skor. “More ethanol also means lower fuel costs for consumers, making the release of these funds a huge win for everyone in the biofuels supply chain, from the farm to the fuel tank. We applaud Sec. Rollins and the Trump Administration for their leadership, and for delivering on their promise to support American farmers and biofuel producers. We look forward to seeing how retailers put these funds to good use and will continue to work with the Administration as it aims to drive American energy dominance and rural growth by expanding access to homegrown biofuels.”

Sec. Rollins made the announcement while visiting Growth Energy Member Elite Octane’s plant in Atlantic, Iowa. Growth Energy Vice President of Market Development Jake Comer was on-hand with Sec. Rollins at other events throughout the day, along with other key biofuel leaders from Iowa.

Through grant writing for the HBIIP program, per-gallon incentives, and direct financial support, Growth Energy has driven more than $1 billion in investments in new biofuels infrastructure since 2011, the year the U.S. Environmental Protection Agency (EPA) approved Growth Energy’s waiver request that ultimately allowed the sale of E15 in cars made in 2001 or newer.

About E15

E15 is a fuel blend made of gasoline and 15% bioethanol. The U.S. Environmental Protection Agency (EPA) has approved its use in all cars, trucks, and sport utility vehicles (SUVs) made in model year 2001 and newer—representing more than 96% of all vehicles on the road today. E15 can be found at over 3,700 gas stations in 33 states and is legal for sale in every state except California. Last summer drivers saved 10 to 30 cents per gallon by filling up with E15 compared to regular, or E10. In some areas, E15 saved drivers as much as a dollar per gallon at the pump.

Nationwide adoption of E15 would save consumers $20.6 billion in annual fuel costs, put an additional $36.3 billion in income into the pockets of American families, and generate $66.3 billion for the U.S. GDP. Learn more about E15 here.

The post Growth Energy Applauds Release of USDA Funds to Support Biofuel Infrastructure appeared first on Growth Energy.

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