02 Aug '12, 2pm

RFS waiver calls are “premature” and “void of justification says RFA #RFS #ethanol

(August 2, 2012) Washington – Calls from some lawmakers for the Environmental Protection Agency (EPA) to waive the Renewable Fuel Standard for the rest of 2012 “will not make it rain in Indiana or meaningfully lower corn prices,” said Renewable Fuels Association President and CEO Bob Dinneen. “Calls to waive any or all of the the RFS from the livestock lobby, oil industry, or their allies in Congress are not only premature, but void of justification,” said Dinneen. “The RFS contains a great deal of flexibility allowing obligated parties to meet RFS requirements in a variety of ways other than blending physical gallons of ethanol. The market is taking advantage of this flexibility as domestic ethanol demand for corn has fallen nearly 15 percent and production has dropped in the last six weeks. Simply put, the RFS is working and knee-jerk reactions to acts of God will not pr...

Full article: http://www.ethanolrfa.org/news/entry/rfs-waiver-calls-pre...

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