With the economy ground to a halt to slow the spread of the coronavirus, ethanol demand has fallen at a sudden and severe rate. More than half of U.S. ethanol production capacity is already offline, high-skill jobs are being shed, livestock and food processing customers are facing supply disruptions, and our members’ working capital is vanishing. Ethanol use could fall by more than 3 billion gallons in 2020, eliminating the market for at least a billion bushels of U.S. corn.
While the Trump Administration seeks ways to buoy Big Oil, urge the White House to quickly initiate a plan to aid ethanol producers suffering a proportional economic disaster. The American Coalition for Ethanol (ACE) has written the EPA and the USDA to urge them to use authorities within their discretion to quickly act to aid the ethanol industry. However, a more urgent response is needed. Fortunately, the Administration has tools that can be deployed with the necessary political will. Join ACE in calling on the White House to help cut through bureaucratic red tape and provide a directive, similar to the one given in support of the oil and gas industry, to respond to the crippling economic consequences facing the renewable fuels industry.