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Trump administration close to finalizing biofuel policy change

October 07/2019

MOSCOW (MRC) -- The Trump administration is close to finalizing a package of measures to adjust the policy mandating the use of biofuels, two sources familiar with the matter said and is aiming to get the final deal signed by President Donald Trump, said Hydrocarbonprocessing.

Sources said the deal is unlikely to include a price cap for the trading of the biofuel credits, a measure that has been advocated by the oil industry.

As MRC informed earlier, U.S. President Donald Trump has tentatively approved a plan to increase the amount of biofuels that oil refiners are required to blend each year to compensate for exemptions handed out to small refiners by the Environmental Protection Agency.

The plan is intended to address a major source of anger in U.S. farm country as Trump seeks to hold favor in the Midwest ahead of next years election, but it is likely to upset the oil industry, another important political constituency, underscoring the pitfalls of U.S. biofuel policy.


mrcplast.com
Author:Anna Larionova
Tags:Bioplastiki, biodizel, petrochemistry.
Category:General News
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