Following President Biden’s announcement last week of a nationwide infrastructure package, Growth Energy says the plan overlooks the need to expand low carbon biofuels, like ethanol. The American Jobs Plan seeks to improve highways, bridges, ports, airports and transit systems. The plan also seeks to improve drinking water, the electric grid, and broadband. In total, the plan will invest about $2 trillion this decade.
Growth Energy CEO Emily Skor said, “it’s disappointing” the American Jobs Plan doesn’t expand biofuels. Earlier this year, a new report from the Rhodium Group, found that biofuels are an essential element of the path to a net-zero future by 2050. However, the President’s plan calls for $35 billion in research priorities, including offshore wind, biofuels and electric vehicles.
And Agriculture Secretary Tom Vilsack said the plan “will help us rebuild our economy and rural communities.” Vilsack added that the Department of Agriculture is central to President Joe Biden’s strategy to build a strong economy.
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