Agricultural News
Growth Energy CEO Emily Skor Still Waiting for EPA Guidance on RVOs, RFS
Wed, 01 Dec 2021 14:53:27 CST
As fuel prices rise with inflation, the biofuel sector continues to wait on the Environmental Protection Agency's rulemaking on long-overdue annual Renewable Volume Obligations (RVOs) under the Renewable Fuel Standard (RFS).
Growth Energy CEO Emily Skor told KC Sheperd, associate director for Radio Oklahoma Ag Network, by making a lower-carbon fuel more accessible in the U.S., Americans could save up to $12.2 billion each year.
"We are still waiting for the EPA to come out with those for 2021 and 2022," Skor said. "I testified before (the U.S. House Agriculture Subcommittee on Commodity Exchanges, Energy and Credit hearing) and that was a big part of the conversation."
On a more positive note, Skor said the growth potential for E15 fuel.
"More access to a lower-carbon fuel for consumers is how we continue to recover the economy and address climate change," Skor said.
Ethanol is a renewable fuel made from various plant materials collectively known as "biomass." More than 98% of U.S. gasoline contains ethanol, typically E10 (10% ethanol, 90% gasoline), to oxygenate the fuel, which reduces air pollution, according to the U.S. Department of Energy website.
In the United States, 94% of ethanol is produced from the starch in corn grain. Energy is required to turn any raw feedstock into ethanol. Ethanol produced from corn demonstrates a positive energy balance, meaning that the process of producing ethanol fuel does not require more energy than the amount of energy contained in the fuel itself, making it a carbon-neutral, renewable energy.
Skor said fuel demand has largely recovered from where it was when stay-at-home orders were in effect across the U.S.
Hit the LISTEN BAR below to hear KC Sheperd and Emily Skor discuss Growth Energy's presence on Capitol Hill and ethanol use in gasoline.
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