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President Trump said Thursday that he was "very close" to finalizing a plan that will allow for the sale of larger quantities of ethanol to gasoline throughout the country. 39; year.
"We are very close, I have to tell you Trump said while speaking in Iowa on Thursday.
The policy that Iowa farmers and ethanol producers have been waiting for is an exemption by the Environmental Protection Agency to allow 15 percent ethanol Currently, E15 fuel blends are not allowed to be sold during the summer months in Due to the high fuel volatility, the current amount of ethanol in most species sold in the country being 10%
. "It is the 12-month derogation for the E15 ", continued Trump, claiming that the administration" is approaching very closely ", but that it is a" very complex process. "
Trump told the audience that he was "stuck" with ethanol and most of the other candidates were not there. "
[ Read also: Brett Kavanaugh could be good for ethanol]
Sen. Chuck Grassley of Iowa, the Republican Chairman of the Judiciary Committee, is a leading proponent of lifting the waiver and has been urging the White House and EPA for months to begin implementing the plan. ethanol promised by Trump
E15 fuel sales were concluded throughout the year as part of an agreement between ethanol proponents and oil refiners this year . Mixing higher amounts of ethanol would help lower the price of ethanol credits that many refiners have complained of having their profits crushed.
But former EPA chief, Scott Pruitt, began to grant a different waiver to the oil companies. mix ethanol as part of a mandatory federal program called Renewable Fuel Standard
. The actions of Pruitt have aroused the anger of ethanol proponents, who are currently pursuing the EPA. The previous Trump agreement also called for increasing the number of ethanol credits available to refiners including those generated by ethanol exports. Generally, credits generated by ethanol exports are canceled and can not be used by refiners, which causes problems to the ethanol industry
The controversial plan has by the subsequently caused the fall of Trump
.
The ethanol industry urged the White House to move forward with the 15% reduction in ethanol after the announcement by the company. administration of a $ 12 billion plan to help farmers fight trade between the United States, China and Europe. "Farmers need relief now in the form of increased market opportunities," and "E15 all year would do that," said Bob Dinneen, president of the Renewable Fuels Association, representing producers of # 39; ethanol.
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