A ban on Russian oil imports to the U.S. recently announced recently by the White House in response to the situation in Ukraine.  Could this, perhaps, be an opportunity for the biofuels industry?

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“It needs to be," according to Ag Secretary Tom Vilsack, "I think there’s an opportunity for higher blends to be a part of the solution…E-15, E-20," all in an effort offset higher gas prices.

“We’re very excited about the opportunity to use $100-million, that we’ve allocated from USDA, to try to expand the capacity of the infrastructure, the framework, to be able to allow the biofuel industry to be able to meet additional demand, to be able to lower the cost for consumers.”

Vilsack added the biofuels sector, in his belief, is more than short-term solution regarding energy independence.

“And I think we have to look at ways we can help this industry modernize, to help this industry meet the demands of not just today, but tomorrow.”

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