Search the Community
Showing results for tags 'Obama'.
Found 1 result
The USDA just announced $100M for blender pumps. Here is the main text from the announcement: As part of that commitment, USDA is investing up to $100 million in clean energy infrastructure that will make more options available to American consumers. Through the Biofuels Infrastructure Partnership, USDA funds, administered through competitive grants and matched at least one-to-one by funds from States, will test innovative ways to distribute higher blends of renewable fuel. States that offer a greater than one-to-one ratio in funding will receive higher consideration for grant funds. A typical gas pump can deliver fuel that contains a maximum 10% ethanol, which limits the amount of renewable energy most consumers can purchase at the pump, despite the fact that our farmers now produce record amounts of renewable biofuels. At this point, I don't know if retailers will be able to directly apply or how the match from states will work. The information is not yet available. The announcement comes on the heels of the EPA failing to enforce the statutory levels of the RFS and citing the blend wall as the reason. Also in response to the RVO levels, RINs are dropping like a rock, which will affect E85 prices negatively quickly. I will share more once I have more to share. Robert