EPA Administrator Lisa Jackson has laid out a timeframe of the next few months for introduction of new rules for labeling pumps that will carry E15. Growth energy says Jackson's announcement follows EPA approval of Growth Energy's Green Jobs Waiver. Growth Energy's CEO Tom Buis, says there's no better time than now to move E15 into the market. Buis believes that lifting the regulatory barriers preventing higher blends of U.S.- made ethanol from getting into the pump would start to push gas prices down right away.
Under the Growth Energy Green Jobs Waiver, the EPA has approved E15 for all vehicles built in the last decade, including model years 2001 and newer. According to Jackson's testimony before the House Agriculture Committee Thursday, EPA is projecting that by 2014, E15 could be in use in more than 187.3 million vehicles, or 85% of the fuels market.
"By going to E15, we create jobs here in the U.S. that cannot be outsourced," Buis said. "And we reduce our dependence on oil from parts of the world that are either politically unstable, or outright hostile to U.S. interests."