User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


22° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Sen. Johnson Discusses Ethanol In SF

October 8, 2012, 6:09 PM by David Brown

Sen. Johnson Discusses Ethanol In SF
SIOUX FALLS, SD -

Senator Tim Johnson stopped in Sioux Falls Monday morning to visit with Poet. There's been a lot of discussion recently about renewable fuel standards and how they're impacting corn prices. But Johnson and ethanol executives are fighting those perceptions.

The Environmental Protection Agency created the renewable fuel standard, or RFS, back in 2005. That mandated a certain volume of renewable fuel had to be blended into gasoline. As some argue the mandate is having a negative impact on corn and feed prices, Johnson is fighting for ethanol and maintaining those fuel standards.

Johnson received the Fueling Growth Award from Poet executives for his commitment to ethanol.

"It is very important," Johnson said. "The cost of gasoline would skyrocket were it not for ethanol."

But the costs for corn and feed, and not gasoline, are what's concerning governors in eight different states. They've requested a waiver from the renewable fuel standard. But Poet CEO Jeff Lautt says the standard doesn't have a significant impact on those prices.

"It would be a shame to take an industry that's become 10 percent of the liquid fuels industry and start to negatively impact that," Lautt said.

"We need to keep working on it," Johnson said. "It would be a crushing blow to the farmers in America if we lose the RFS."

Although Johnson will continue fighting for ethanol in Washington, he knows a healthy energy market relies on more than one source.

"It's important that the ethanol industry is reliable and certain. But there are many sources of fuel," Johnson said.

And while Johnson's attitude encompasses different alternative fuels, he knows what ethanol means to South Dakota.

"He's very keen of always knowing what issues we may have, what he can help us with, talk about the current state of policy," Lautt said.

Lautt added that waiving the renewable fuel standard would hit rural farmers especially hard. That's because he says most have been able to thrive during a bad economy and the drought with the biofuel demand.

Previous Story

Next Story


Comments





Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

The City's Largest Construction Project Will Impact Thousands

3/2/2015 5:04 PM

It's being billed as the city's largest construction project this year at a cost of just under $9 million and it's going to impact thousan...

Full Story | Watch
Whiffer's Sandwiches Back Open For Business

3/2/2015 4:00 PM

Whiffer's Sandwiches is serving up lunch on Minnesota Avenue again.

Full Story
Costco Citigroup Partnership To Have Impact On Citibank In Sioux Falls

3/3/2015 2:45 PM

Costco is switching credit card company partnerships and that is going to have an impact on Citibank in Sioux Falls.  

Full Story
Great Western Bank To Close Two Sioux Falls Branches

3/4/2015 12:57 PM

Great Western Bank is closing its branches in the Walmart store on South Louise Avenue in Sioux Falls and at the Western Mall at the end of the month.

Full Story
Target Plans $2B In Cost-Cutting Moves

3/3/2015 3:20 PM

Target Corp. plans $2 billion in cost cuts over the next two years through corporate restructuring and other improvements.

Full Story


Events