Trump weighs boosts to biofuels

Source: BY KELSEY TAMBORRINO, Politico • Posted: Monday, September 16, 2019

The White House is considering a plan that could limit the number of small refinery exemptions to the RFS, increase the volumes of biofuels that must be blended into gasoline and boost the spread of 15 percent ethanol fuels,four industry and other sources familiar with discussions tell Pro’s Eric Wolff.

The biggest win for biofuel producers would be a limit on the number of exemptions EPA grants to small refiners from blending mandates under the RFS, Eric reports. Though the exact details are in flux, the ethanol volumes exempted from the program would be limited to the average from the previous three years, which would prevent EPA from hiking those exemptions to wipe out increases it sets in the annual blending mandates, sources said.

Trump was expected to publicly release his RFS plan on Friday, but is now expected to do so this week. The sources cautioned that the details of the plan are still under discussion and could change.

A group of senators from refining states, including Sens. Ted Cruz(R-Texas) and Pat Toomey (R-Pa.), were expected to meet with Trump Friday, but one of the sources said that meeting was postponed until this week. They will likely press Trump to put a cap on the price of compliance credits.