News

Reynolds’ bill would establish ethanol and biodiesel standards for Iowa

Iowa is the latest state attempting to establish standards for biofuels.

Governor Kim Reynolds has introduced a bill that would set a 10 percent minimum ethanol standard for gasoline fuel and an 11 percent minimum standard for biodiesel.

Iowa Renewable Fuels Association executive director Monte Shaw tells Brownfield the Governor deserves a lot of credit for taking the initiative.

“And saying hey, this is the right thing to do (so) let’s get this done. And then taking the time to put together legislation that really comes at this from all angles.”

He says the provisions of the bill would boost farm income, lower costs for motorists, clean up the air, and more.

“It will provide the investments that retailers need so they can get the higher blends out there, all while reforming existing tax credits to save money on the package overall.”

Shaw says it’s not often a bill that can be so important to the state’s economy can also save taxpayers money.

Reynolds’ proposal would also step up the biodiesel standard to 20 percent during the summer beginning in 2024, and give the governor discretion to increase the ethanol standard to 15 percent beginning in 2025.

Add Comment

Your email address will not be published.


 

stay up to date

Subscribe for our newsletter today and receive relevant news straight to your inbox!