Following the introduction of legislation by Indiana Senator Donnelly and Senators Grassley (R-Iowa) and Fischer (R-Neb.) that would extend the Reid Vapor Pressure (RVP) volatility waiver to E15, allowing retailers to offer E15 without restriction and expanding consumer choice at the pump, Tom Buis, CEO of Growth Energy, issued the following statement: “We applaud Senators Donnelly, Grassley and Fischer for recognizing the need for competition in the marketplace and taking the lead on this important issue in Congress. The current regulatory treatment of E15 creates a disincentive for retailers to sell E15 or higher biofuel blends, even though they improve the quality of our air, and denies consumers access to a fuel that meets their price and performance needs. This legislation has the potential to remove this major obstacle and encourage the adoption of new fuels that will benefit our environment, our economy and our energy security.
Buis added, “We are hopeful that this legislative effort is successful and that summertime sales of E15 will no longer be restricted. Consumers should not have to check their calendars to see if they will have a choice when they pull up to the pump.”
The National Corn Growers Association also praied the legislation. “We applaud Senators Donnelly, Grassley, and Fischer for their bipartisan efforts to increase the market for ethanol producers and give consumers more choices at the pump,” said NCGA President Chip Bowling. “June 1 is rapidly approaching, and we should ensure consumers will continue to have access to energy that is clean, renewable, and American-grown. We urge Congress to pass this legislation.”
Reid Vapor Pressure measures the evaporation rate of gasoline. Under current regulations, summertime volatility restrictions are in place from June 1-Sept 15, but E10 receives a volatility waiver. This legislation would extend the same waiver to E15 blends. Similar legislation was introduced in the House of Representatives in April.