Trump to hit refiners with a bio fuels boost

Jun 26, 2018 at 02:27 PM CST
Refiners would have to blend 19.88 billion gallons of biofuels into petroleum next year under an administration proposal set to be unveiled Tuesday, as President Donald Trump tries to strike a balance between two competing constituencies. The Environmental Protection Agency is set to maintain a 15 billion gallon quota for conventional renewable fuels such as corn-based ethanol, even as it gives a modest 3.1 percent increase to overall biofuel-blending requirements in the proposal set to be unveiled Tuesday. The proposed biofuel quotas are detailed in a document obtained by Bloomberg News. The 2019 target for advanced biofuel would be 4.88 billion gallons, including at least 381 million gallons of cellulosic renewable fuel, such as ethanol made from switchgrass. The EPA is also set to propose a 2.43 billion gallon quota for biodiesel in 2020, a 15.7 percent increase from the 2.1 billion gallons required in 2019.

Jun 26, 2018 at 02:27 PM CST

Refiners would have to blend 19.88 billion gallons of biofuels into petroleum next year under an administration proposal set to be unveiled Tuesday, as President Donald Trump tries to strike a balance between two competing constituencies.

The Environmental Protection Agency is set to maintain a 15 billion gallon quota for conventional renewable fuels such as corn-based ethanol, even as it gives a modest 3.1 percent increase to overall biofuel-blending requirements in the proposal set to be unveiled Tuesday. The proposed biofuel quotas are detailed in a document obtained by Bloomberg News.

The 2019 target for advanced biofuel would be 4.88 billion gallons, including at least 381 million gallons of cellulosic renewable fuel, such as ethanol made from switchgrass. The EPA is also set to propose a 2.43 billion gallon quota for biodiesel in 2020, a 15.7 percent increase from the 2.1 billion gallons required in 2019.