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Bill would repurpose ethanol support fund to help plants lower carbon intensity
Summary
Senate Bill 23-33 would shift an existing countercyclical ethanol fund into a Low Carbon Fuels Fund to help ethanol plants invest in projects that reduce carbon intensity, including capture, storage and energy-efficiency improvements.
Representative presenting the bill described Senate Bill 23-33 as a repurposing of an existing countercyclical ethanol-support program. The proposal maintains the prior funding mechanism — a share of certain vehicle registration revenues — but shifts the fund’s purpose to incentivize capital projects that reduce carbon intensity at ethanol plants.
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