REX - The White House Sides With Refiners On 2020 Biofuel Blending Requirements
Last Thursday the U.S. Environmental Protection Agency [EPA] released its overdue final rulemaking on the mandated biofuel blending volumes for 2020 under the revised Renewable Fuel Standard [RFS2]. The final rule, which represents the culmination of the "giant package" that President Donald Trump had promised on Twitter in August to provide to the U.S. corn and ethanol sectors, closely resembles the proposed language that the EPA developed after the White House hosted a series of meetings with the corn ethanol and merchant refining sectors and their respective allies in Washington D.C. Specifically, not only does