In Iowa, President Biden toured POET Bioprocessing-Menlo, where he announced that his administration will lift restrictions on E15 for the 2022 summer driving season. Available at more than 2,600 gas stations across 31 states, E15 is approved for more than 96 percent of light duty vehicles, which account for 98 percent of all vehicle miles traveled. Even before the recent run-up in oil prices, it was estimated that nationwide access to E15 could save drivers $12.2 billion annually in fuel costs.
Growth Energy CEO Emily Skor, who attended the event, released the following statement:
“This welcome news for all American drivers seeking lower cost options at the pump. Lifting outdated and unnecessary summertime restrictions on E15 will ensure continued access to a fuel that has been saving drivers as much as 50 to 60 cents a gallon in recent weeks, offering working families relief at the pump at a time when they need it most.”
President Biden also outlined a number of funding incentives to support local sustainable aviation fuel projects and fuel producers totaling up to $4.3 billion, as well as investments in R&D technologies which can achieve at least a 30% improvement in aircraft fuel efficiency.
Responding to President Biden’s re-commitments to the development and use of Sustainable Aviation Fuel the Alliance for Aviation Across America said, “We welcome President Biden’s ongoing commitment to investments in sustainable aviation fuel and technology, including the specific goal of making 3 billion gallons of SAF available per year by 2030.
“The aviation sector, including general aviation, has invested heavily in this area of growth, and federal support is now needed to bring these technologies to fruition and achieve the industry’s goal of net zero emissions by 2050.