Trump: Ethanol Deal Will be Around 16B Gallons
RFS program currently requires refiners to blend 15 billion gallons/year
President Trump said on Monday his administration’s proposal to boost the biofuels market next year would bring the amount of corn-based ethanol mixed into the nation’s fuel to about 16 billion gallons, reports Reuters.
“We’ve come to an agreement and its going to be, I guess, about, getting close to 16 billion ... that’s a lot of gallons. So they should like me out in Iowa,” he told a news conference.
The U.S. Renewable Fuel Standard (RFS) program currently requires refiners to blend 15 billion gallons of ethanol/year, but the corn lobby has said the Environmental Protection Agency’s use of waivers means the actual volumes blended are lower than that.