Growth Energy praised the introduction of legislation that would assist biofuel producers impacted by the COVID-19 pandemic. Iowa Republican Senator Chuck Grassley along with Minnesota Democratic Senator Amy Klobuchar introduced the legislation which would require the U.S. Department of Agriculture to reimburse biofuel producers for their feedstock purchases in the first quarter of 2020 through the Commodity Credit Corporation.
Growth Energy CEO Emily Skor says the proposal would “deliver immediate relief for biofuel workers, farm partners, and thousands of rural communities.”
The legislation follows numerous appeals from Growth Energy and other farm and biofuel leaders, lawmakers and local governments. As the coronavirus pandemic spread, gasoline use in the United States plummeted to 50-year lows around the country.
From March 8 to April 4 of this year, total miles driven dropped by 58 percent. The rapid decrease in consumption has led more than 130 biofuel plants to partially or fully shut down in rural America.