Trump ‘Verbally Agrees’ to Ethanol Deal
Unclear when plan will be finalized
Gov. Kim Reynolds on Wednesday said President Trump agreed to the ethanol industry's top priorities to mitigate losses from refinery waivers, but doesn't know when the plan will be finalized, reports CBS 2 Iowa.
Last week, Reynolds met with Trump, Sens. Chuck Grassley and Joni Ernst and other Midwestern leaders for a discussion about ways to replace the gallons of ethanol lost when Trump's Environmental Protection Agency recently issued waivers to 31 refineries.
Reynolds said the president "verbally agreed" to a plan but said she is waiting to see it in writing, adding that the announcement of a final plan could be unveiled in Iowa.
Trump's proposal would boost biofuel blending quotas based on a three-year rolling average of gallons exempted by the waivers by adding that number to the biofuel mandate, according to a report from Reuters.