While it is easy to glance over incoming challenges, the renewable fuels industry must face those hurdles head-on and not let change deter the destination. That was the message from the 2025 Iowa Renewable Fuels Summit where Iowa Renewable Fuels Association Executive Director Monte Shaw today told the audience, “If our desired destination is Fuels of Opportunity, then we must beware of letting anyone take the wheel who only looks in the rearview mirror.”
“What’s the solution?” Shaw asked. “Simple. Build demand. Of course, saying ‘build demand’ is easier than actually doing it. As we look at all the possible demand drivers, what can actually grind up five billion bushels of additional corn over the next two decades? I see one thing – renewable fuels. But they are not necessarily the renewable fuels one sees in the rearview mirror today.”
Shaw noted that new markets, export opportunities and policy changes are all things that will help build demand. However, he mentions the nearest term demand driver should be year-round E15.
“E15 is the near-term demand driver that American agriculture needs,” Shaw said. “It should create demand for 5 to 7 billion gallons of additional ethanol over the next several years. It will give consumers a chance to save 15 to 20 cents per gallon at the pump. And it will be a key part of American energy dominance.”
Further noting the importance of growing new markets for American farmers, Shaw believes those new markets are within reach.
“Yes, it might require doing things differently…from how we farm to sequestering carbon at our biofuels facilities.” Shaw said. “But why should change deter us? American agriculture is always changing. We either grow or we die.”