Congressmen Leonard Boswell (D-IA) and Lee Terry (R-NE) are promoting a bipartisan effort to boost the nation’s homegrown energy industry by improving infrastructure for moving ethanol from the Midwest to the rest of the country.
The Renewable Fuel Pipeline Act of 2010, H.R. 4674 will also create jobs and strengthen the agriculture industries in Iowa, Nebraska and other states.
"The Renewable Fuel Pipeline Act is an important piece of legislation to Iowa's local communities and economies that have come to rely on the biofuels industry, as well as a critical step toward weaning this country off its dependence on foreign oil and OPEC," says Boswell. "The construction of a pipeline to move ethanol out of the Midwest and to the coasts will create nearly 80,000 jobs while contributing $6.6 billion to the U.S. economy."
"Nebraska (and) other Midwest states rely heavily on the ethanol industry," adds Terry. "This legislation is critical to reducing our reliance on foreign oil by expanding the use of biofuels like ethanol. This is good bipartisan legislation that will expand the use of ethanol nationwide and create much-needed jobs in our country."
POET and Magellan have both completed a feasibility study on a renewable-fuel pipeline that would run from the Midwest to the East Coast. The study indicates the construction of the pipeline would be a great economic boom to the country. Boswell and Terry were joined by the Iowa Farm Bureau, Iowa Renewable Fuels Association, Iowa Corn Growers Association, Nebraska Farm Bureau and others who fully support this legislation.
