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RFA Thanks President For Signing IRA into Law

August 16, 2022

Congress, E15, FFVs, Flex Fuel E85, Infrastructure, White House


With the signing of the Inflation Reduction Act today by President Biden, America will see important growth and investment in the use of low-carbon renewable fuels like ethanol, according to the Renewable Fuels Association. 


“We thank President Biden for signing the budget reconciliation bill today and recognizing that low-carbon, lower-cost renewable fuels like ethanol are a critical tool for combatting climate change,” said RFA President and CEO Geoff Cooper. “This bill puts ethanol on a sustainable path for growth and investment. Several provisions within this bill are very important to the U.S. biofuels industry and will result in American families having greater access to low-carbon, more affordable, domestically made renewable fuels. We look forward to helping the administration implement the key provisions within this legislation.”


Among the provisions of the bill supported by RFA are $500 million in grants for higher-blend biofuels infrastructure; extensions of several current biofuel tax credits; creation of new tax credits for clean fuel production and sustainable aviation fuel; and enhanced support for carbon capture, utilization and storage.