President Donald Trump now says a set of biofuel policy changes will be coming in the next two weeks. Previously, the plans were rumored to be announced this week at an event in the Midwest.
“Making great progress for our Farmers. Approved E15, year-round. Big additional list to be submitted & approved within two weeks. Will be even better for Ethanol, and we save our small refineries!” Trump tweeted earlier this week.
Biofuel proponents want an increase in 2020 blending requirements to offset small refiner exemptions (SREs) while refining advocates are urging Trump not to move forward with any increases.
For his part, Trump said he will deliver a “giant package” of changes, adding that “the farmers are going to be so happy when they see what we are doing for ethanol.”
Currently, USDA Secretary Sonny Perdue, EPA Administrator Andrew Wheeler and White House aides are working out the details of the plans – which aim to boost both corn ethanol and soy-based biodiesel.
Senate Environment and Public Works Committee Chairman John Barrasso, R-Wyo., warned President Trump this week not to move forward with the biofuel policy proposals currently under consideration, saying they “risk closing refineries and killing thousands of jobs.”
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