London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

U.S. President Donald Trump says ethanol deal will be around 16B gallons

October 09/2019

MOSCOW (MRC) -- U.S. President Donald Trump said his administrationís proposal to boost the biofuels market next year would bring the amount of corn-based ethanol mixed into the nationís fuel to about 16 billion gallons (60.6 billion liters), said Hydrocarbonprocessing.

ďWeíve come to an agreement and its going to be, I guess, about, getting close to 16 billion ... thatís a lot of gallons. So they should like me out in Iowa,Ē he told a news conference.

The U.S. Renewable Fuel Standard (RFS) program currently requires refiners to blend 15 billion gallons of ethanol per year, but the corn lobby has said the Environmental Protection Agencyís use of waivers means the actual volumes blended are lower than that.

Trump's EPA unveiled the plan here last week to boost U.S. biofuels consumption to help struggling farmers, but did not provide an exact figure. The plan cheered the agriculture industry but triggered a backlash from Big Oil, which views biofuels as competition.

The deal is widely seen as an attempt by Trump, who faces a re-election fight next year, to mend fences with the powerful corn lobby, which was outraged by the EPAís decision in August to exempt 31 oil refineries from their obligations under the RFS. That freed the refineries from the requirement to blend biofuels or buy credits from those who do.

Biofuel companies, farmers and Midwest lawmakers complain such waivers undercut demand for corn, which is already slumping because of the U.S. trade war with China. Oil refiners say the waivers protect blue-collar jobs and have no real impact on ethanol use.

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 yearís 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, etan, biodizel, USA.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe