President Donald Trump will announce a plan to boost demand for biofuels, which farmers and producers say has suffered from waivers the ...
WASHINGTON/DECATUR, Ill.: President Donald Trump will announce a plan to boost demand for biofuels, which farmers and producers say has suffered from waivers the administration has issued exempting oil refiners from requirements to blend ethanol into the U.S. fuel supply, Secretary of Agriculture Sonny Perdue said on Wednesday.
Last week Trump tasked Perdue, EPA chief Andrew Wheeler and a few White House advisers to come up with a solution that will boost biofuel demand. Among the proposals circulated was to ramp up biofuel blending quotas but there has been disagreement over whether to start it this year or the next, sources said.
American farmers have borne the brunt of Trump's trade war with China and he has rolled out around US$30 billion in aid packages to offset their losses and seek to ensure their loyalty.Any redistribution of waived volumes or lifting of the annual biofuel mandates will upset the oil industry, which rejects farmers' arguments that waivers hurt ethanol demand.
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