Growth Energy CEO Emily Skor met with President Trump, lawmakers, and industry leaders at the White House to discuss the Renewable Fuel Standard (RFS).
According to a report from Reuters, on Thursday, President Trump told representatives of the rival oil and corn industries that he supported changing U.S. biofuels policy in a way that would limit costs to refiners while expanding sales of ethanol.
The potential breakthrough comes amid rising concern in the White House over the state of the U.S. Renewable Fuel Standard, or RFS, a law requiring refiners to mix biofuels such as corn-based ethanol into their fuel that has increasingly divided two of Trump's most important constituencies.
According to the report, Trump told attendees at the White House meeting that he supported capping the price of biofuels blending credits that refiners must acquire to comply with the RFS, while also expanding ethanol sales by raising ethanol content in gasoline.
