IBB News Releases
- Iowa House Passes Biofuels Bill
Iowa House Passes Biofuels Bill
February 2, 2022
(ANKENY, IOWA) – The Iowa Biodiesel Board applauded the Iowa House of Representatives today, which passed a bill proposed by Governor Kim Reynolds to increase consumer access to higher biofuel blends like B20. House File 2128 now moves on to the state senate.
Grant Kimberley, Iowa Biodiesel Board executive director, issued the following statement:
“We commend the House for passing this common sense, incentive-based approach to shoring up and growing Iowa’s biofuels industry. This legislation is an investment in Iowa’s long-term economic future. When biofuels succeed, Iowa succeeds.
“Iowa’s answer to the nationwide demand for low-carbon fuels is biodiesel. Our state can and should strengthen our position as the top biodiesel-producing state, so that we may reap the benefits of this shift. It also helps Iowa’s vital agriculture industry succeed. By increasing soybean oil value, biodiesel supports 13 percent of the price per bushel of soybeans. This equated to $1.09 per bushel in 2019, while lowering the price of meal for livestock producers and the food supply.
“We now turn our attention to the state senate. We implore any Iowan with an interest in agriculture or clean energy to contact their senator and ask for his or her support for this legislation. Now is the time to get this through.”
Biodiesel is an advanced biofuel made from agricultural byproducts and co-products, such as soybean oil. The Iowa Biodiesel Board is a state trade association representing the biodiesel industry.
For more information on biodiesel, visit Iowabiodiesel.org.