Every side of the fuel industry is hurting from poor profit margins, Dinneen said. Responses between the oil and ethanol sectors to $30 oil, however, have been night and day. "This industry - the ethanol industry - faced with the same economics with low oil prices driving our value down, we increased employment by 2,000 jobs last year. We invested in new technologies in our industry, in infrastructure that would make our fuel more widely available, and we double-down on the investments in our industry ... and there really is a stark difference in terms of the reaction to the market conditions between the two industries."
Dinneen thanked KY Corn during his state of the industry address for generating thousands of postcards to automakers with the Flex My Choice campaign. Kentucky was well represented at the NEC by attendees Mick Henderson and Chad Hancock, Commonwealth Agri-Energy, LLC, as well as Joseph Sisk and Adam Andrews, KY Corn. KyCorn is a longtime member and is very engaged in RFA's efforts to increase the volume of ethanol sold, because higher ethanol sales mean higher corn demand.