Cooper: State of the Industry Report

Geoff Cooper
Renewable Fuels Association
Tue., February 18, 2025
8:10 am Session: "State of the Industry Report"

Transcript

2. “Our Nation’s enormous agricultural and fiber resources can be used to help provide a secure source of energy for our future.”
4. “Every time we use a home- grown fuel, we're going to be helping our farmers, and at the same time, be less dependent on foreign sources of energy.”
5. 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 U.S. Ethanol Production 2024 16.1 Billion Gallons ▪ $23 billion in corn bought ▪ $53 billion in GDP ▪ $28 billion in income ▪ $10 billion in tax revenue ▪ 55,810 direct jobs ▪ 258,089 indirect & induced jobs
6. 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Million Gallons U.S. Ethanol Exports 2024 1,914 ▪ Up 36% vs. 2023 ▪ $4.3 billion in value ▪ 12% of demand ▪ 80 countries
9. 2 1 38 27 28 6 4 12 15 6 0 5 10 15 20 25 30 35 40 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Compliance Year Pending Petitions for RFS Small Refinery Exemptions
10. “We won’t just increase ethanol production in our own country… …we will make it our mission to export ethanol all over the world.” — President Trump
11. U.S. Treasury Notice of Intent to Propose Regulations Dept. of Energy 45ZCF-GREET Model USDA Interim Rule on Climate Smart Ag & FDCIC U.S. Congress Inflation Reduction Act Reform?
12. Unleashing American Ethanol ▪ Year-round E15 in existing infrastructure ▪ Reforming EPA tailpipe emissions standards ▪ Finalizing robust RVOs for 2026 and beyond ▪ Expanding export opportunities ▪ Providing tax policy certainty and stability Unleashing American Ethanol ▪ Year-round E15 in existing infrastructure ▪ Reforming EPA tailpipe emissions standards ▪ Finalizing robust RVOs for 2026 and beyond ▪ Expanding export opportunities ▪ Providing tax policy certainty and stability