The Marine Retailers Association of the Americas has long held the position that the Renewable Fuel Standard must be revised to prevent damage that ethanol blends above the 10% level will cause to engines of all types. The MRAA's perspective aligns nicely with the head of the third largest ethanol producer.
The Des Moines register reports that the third top ethanol producer asked Congress to scrap the Renewable Fuel Standard (RFS) at a Congressional hearing, saying the current policy is "out of control." Chief executive of Valero Energy Corp., Bill Klesse, asked Congress to start over with the RFS, rewriting the policy to better reflect the marketplace. Read the full story here.