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US Ethanol Sector Pushes Automakers For Support
By Mr Ethanol | November 28, 2008
Reuters:
Ethanol industry groups on Tuesday urged U.S. auto executives to support increasing the ethanol-to-gasoline blend rate when they return to Capitol Hill next week to seek federal aid.
General Motors Corp, Chrysler LLC [CBS.UL] and Ford Motor have asked Congress for $25 billion to save their businesses. Before they receive any money, however, lawmakers want the companies to lay out their strategies for developing more fuel-efficient cars and maintaining long term viability.
In a letter to the top U.S. auto executives, ethanol trade groups said the companies should use their aid proposals as an opportunity to throw their support behind increasing the U.S. ethanol-to-gasoline blend rate to 15 to 20 percent and aggressively pursuing flex fuel vehicles.
“By taking these proactive steps, you can lead the world-wide effort and demonstrate to the Congress and the American people that the American auto industry is committed to moving in the right direction,” said the groups, including Growth Energy, National Farmers Union and the American Coalition for Ethanol.
The U.S. government currently restricts the ethanol-to-gasoline blend rate to 10 percent, but ethanol groups said this limit is “stifling development and growth” of the industry.
Topics: Ethanol, Industry, News |
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