Trump administration tells oil and biofuels groups to hash out new biofuel policy, sources say
- The Trump Administration has asked oil and biofuels producers to negotiate new renewable fuel policies to avoid past political clashes, according to sources familiar with the matter.
- Two meetings have already taken place discussing biofuel blending volumes and small refinery exemptions, with input from Will Hupman, vice president of downstream policy at the American Petroleum Institute.
- The U.S. Environmental Protection Agency is preparing new blending mandates that could significantly increase the renewable volume for biodiesel, while discussions are divided on small refinery exemptions.
- These discussions signal a new collaboration between Big Oil and the Farm Belt, aiming to improve the Renewable Fuel Standard and mitigate prior conflicts. Hupman noted that previous divides have softened.
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Trump Wants Oil and Biofuels Lobbies to Decide Renewable Fuel Policy
The U.S. Administration has left it to the oil companies and ethanol producers to reach an agreement on the next renewable fuel standard, sources with knowledge of the discussions told Reuters, as the Trump Administration looks to avoid creating further controversies between the Farm Belt and oil producers and refiners. The so-called Renewable Fuel Standard (RFS) is the U.S. policy under which oil refiners are required to blend growing amounts o…
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