Will Shutdown Affect E15 Approval?
Ethanol companies have already shed jobs, curtailed production
The government shutdown that President Donald Trump says could last "a long time" without funding for a border wall may hurt farmers by delaying the administration's ability to steer through the approval for year-round sales of a 15% ethanol blend for gasoline before the summer begins. That's up from 10% allowed now, reports the West Central Tribune.
Ethanol could use a boost. Companies including Green Plains Inc. and Pacific Ethanol Inc. have shed jobs and curtailed production. On Thursday, Jan. 3, Cargill Inc. cited "historically low ethanol prices" as one of the reasons one of its segments posted lower quarterly earnings from a year ago.
Read the full report here.