Trump Exploring Exports Under RFS, Scaling Back Hardship Waivers, E15 Sales
The Trump Administration will scale back hardship waivers under the Renewable Fuel Standard, according to Reuters. A source tells Reuters that the move includes counting ethanol exports towards biofuel usage quotas set under the RFS. The move seeks to ease tension between the oil and corn industries which have been at odds for months regarding the RFS, including multiple White House meetings.
The corn industry, however, considers the exports action against the law, arguing that the RFS quota is for domestic use, not international. Biofuels groups say the move could spark further trade tensions. But, the action by the White House would also allow for year-round sales of E15, a win for ethanol producers. Regarding the hardship waivers, which Senator Chuck Grassley says is taking away corn demand, the Senator says he will call for Environmental Protection Agency Administrator Scott Pruitts resignation if he pushes changes that "permanently cut ethanol by billions of gallons."
Story source: NAFB