The spike in coronavirus cases and increasing restrictions could slow recovery in the biofuel industry.
Geoff Cooper is president and CEO of the Renewable Fuels Association.
“(covid-19 cases and increased restrictions) are having some impact on vehicle travel and fuel consumption again,” he says. “The latest government data showed a pretty big dip in gasoline consumption and we saw a drop in ethanol blending.”
He says it’s especially concerning because travel is typically down in the winter months.