Ethanol industry applauds HEROES Act

In Washington, Growth Energy applauded the introduction by House leaders of the Health and Economic Recovery Omnibus Emergency Solutions Act (HEROES Act), which allocates more than $3 trillion in recovery dollars, including long-awaited assistance for the struggling biofuels industry.

Specifically, the HEROES Act would authorize the U.S. Department of Agriculture to provide $0.45 per gallon of ethanol produced from January 1 through May 1, 2020. Producers forced offline for one or more calendar months during this time would qualify for the same credit, based on half the volume produced during the corresponding month or months in 2019. The aid reflects appeals submitted by Growth Energy and other farm and biofuel leaders, as well as calls from bipartisan champions in the House and Senate, Midwest governors, and 70 mayors across 10 states.