On Tuesday, the U.S. House of Representatives introduced a new round of legislation for COVID-19 economic relief, and this one included aid for U.S. biofuels producers. Iowa Renewable Fuels Association Executive Director, Monte Shaw, thanked Representatives Abby Finkenauer, Cindy Axne and Dave Loebsack for their work in ensuring this inclusion made its way into the stimulus funding package. “Iowa’s biofuel producers are suffering great losses as Americans are staying home and fuel demand has plummeted,” Shaw says. “Over 40 percent of Iowa ethanol production remains offline and without immediate help losses will only deepen.” Shaw adds that plants may face bankruptcy or the inability to acquire corn when demand does finally return without the support of this “much-needed lifeline.”
