Ethanol Supporters Cheer Introduction of Re-FUEL Act
Iowa Congressman Dave Loebsack has introduced the Renewable Fuel Utilization, Expansion and Leadership - or Re-FUEL - Act. The measure creates a competitive grant program to assist fuel retailers with investments in renewable and alternative fuel and energy sources. Growth Energy CEO Tom Buis says the legislation supports America's consumers, rural communities and the growing biofuels industry. By supporting renewable fuel infrastructure - Buis says the legislation will help push the nation toward energy independence and give consumers some much needed choice and savings at the pump. He says the bill also emphasizes the importance of investing in and revitalizing rural America. Renewable Fuels Association President and CEO Bob Dinneen also said the Re-FUEL Act will encourage fuel and energy diversity - introducing consumer choice and the pump and delivering cost-saving options to foreign fossil fuels. He says the pace at which the renewable fuel advantages will be available to American drivers is greatly sped up by the fact that the proposed grants can be used for infrastructure. Dinneen adds that the rural emphasis of the Re-FUEL Act will encourage job creation and economic stability. He says Representative Loebsack recognizes that ethanol production has created and supports more than 386-thousand jobs - with very real potential to expand on that success.
Dinneen notes demand for alternative fuels like E15 and E85 is rapidly increasing in the Midwest - with great potential for growth as awareness expands to other states. He says there are currently 90 stations in 12 states offering E15.
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