On Aug. 16, President Joe Biden signed The Inflation Reduction Act of 2022 into law. The American Coalition for Ethanol (ACE) supports important climate and ethanol-related provisions included in the legislative package.
ACE CEO Brian Jennings issued the following statement on the bill passage:
“This sweeping legislation recognizes the role farmers and biofuel producers can play in reducing greenhouse gas emissions and validates the work ACE has put forth to position corn ethanol as a meaningful part of the climate solution. Record-level investments in biofuel infrastructure, climate-smart agriculture practices, carbon capture and sequestration projects, and low carbon intensity fuels available now and in the future will help grow ethanol demand long term.
“The legislation helps assure farmers and ethanol producers they can earn a return on the investments they make to innovate and help reduce greenhouse gas emissions.”