Ethanol leader: 'Tough time for biofuels'

Des Moines Register
By DAN PILLER • dpiller@dmreg.com • January 27, 2009

The executive director of the Iowa Renewable Fuels Association said Tuesday in Des Moines that more biofuels plants may close because of tight profit margins, but said that congress and President Obama are unlikely to relax the Renewable Fuel Standards that require more ethanol and biodiesel use this year.

"If President George Bush, a former oilman from Texas, wouldn't relax the Renewable Fuel Standards last year, I don't see how President Obama will grant any waivers for the standards this year," said Monte Shaw, executive director of the Iowa Renewable Fuel Association to the group's third annual summit meeting in Des Moines.

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