Monday (April 26, 2021), Indiana Governor Eric Holcomb vetoed a bill that could have reduced sales of E15, a renewable motor fuel blended with 15% bioethanol.
The law would have mandated restrictive warning labels on E15 fuel pumps.
Joshua Shields, Senior Vice President of Government Affairs and Communications for POET, says “We applaud Governor Holcomb and Lt. Governor Suzanne Crouch for their leadership and for protecting the freedom to fuel with E15. The facts show that E15 represents the most promising opportunity to grow the rural economy, drive dependable demand for Indiana grain and save consumers money at the pump. With Governor Holcomb’s veto, Indiana farmers, biofuel producers and retailers will continue to drive fuel savings and Indiana’s rural economy forward with E15.”
The bioethanol industry is an economic engine for Indiana. A new economic analysis shows that a statewide shift to E15 could add $377.3 million in gross domestic product to the state’s economy, drive 51 million bushels of new grain demand for farmers with a farm gate value of $195.8 million and generate more than $118.6 million to household incomes statewide. Production of bioethanol and coproducts also drives demand and stabilizes grain prices for family farms across Indiana.
POET, headquartered in Sioux Falls, SD, is the world’s largest biofuels producer. For more information, visit poet.com.
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