WASHINGTON DC – Representatives Earl Blumenauer (D-OR) and Dave Loebsack (D-IA) introduced legislation (H.R. 5559) that would extend the tax credit for cellulosic ethanol production. Bob Dinneen, President and CEO of the Renewable Fuels Association released the following statement:
“Shiver me timbers! Congress is finally doing something right!
“On this Talk Like a Pirate Day, Big Oil continues their campaign to send home-grown, low-cost ethanol into the depths of Davy Jones’ Locker. However, American biofuels should not be forced to walk the plank just because Big Oil is fighting to protect their market share.
“Avast! Representatives Blumenauer and Loebsack should be commended for their forward-thinking legislation that would continue to grow the cellulosic ethanol industry as commercial plants are beginning to come online. It’s time to batten down the hatches and focus on what is important, supporting American-made biofuels.”