Renewable Fuels Association
Revision as of 19:09, 1 February 2009 by Claire Robinson (talk | contribs)
The Renewable Fuels Association is a trade group for the US ethanol industry.
According to a report in The Wall Street Journal, shortly prior to US President Barack Obama's inauguration, the RFA suggested a government bail-out for the biofuels industry, which was hit in late 2008 by the drop in oil prices:
- The Renewable Fuels Association, a trade group for the U.S. ethanol industry, has spoken with staff members from Capitol Hill and President-elect Barack Obama’s team and “provided them with some ideas on how to craft the language of” an economic recovery package, said Matt Hartwig, a spokesman for the RFA.
- Hartwig said RFA has suggested a number of steps including setting up a $1 billion short-term credit facility so ethanol producers could finance current operations; a $50 billion federal loan guarantee program to finance investment in new renewable fuel production capacity and supporting infrastructure; and a requirement that any auto maker receiving federal aid only produce new vehicles that can run on any blend up to 85% ethanol, beginning with the 2010 model season.[1]
