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US trump administration announces biofuel consumption expansion plan Oil industry rebounds

2019-10-04T20:05:23.815Z


[Washington / New York 4th Reuters]-The US Trump administration announced on April 4 a policy to boost domestic biofuel consumption. Implement from next year. While supporting the agricultural industry, the oil industry has been repelled.


[Washington / New York 4th Reuters]-The US Trump administration announced on April 4 a policy to boost domestic biofuel consumption. Implement from next year. While helping the agricultural industry, the oil industry has been repelled.

The Environmental Protection Agency (EPA) stated in a statement that it would raise the ethanol content, which is required to be mixed with gasoline, from 2020, and aim to eliminate regulations on the sale of high-ethanol mixed gasoline. Details regarding raising the ethanol content are not clear.

Farmers producing corn, which is a raw material for biofuels, rebounded in response to the government's announcement in August of the exemption from the requirement of mixing biofuels to 31 small refineries. The review of the biofuel policy aims to alleviate the backlash of the agricultural state, which is Trump's support base. [nL3N26N0H3]

According to EPA, the policy will be finalized after the public comment period. Although the EPA did not show accurate figures, it stated that "it is guaranteed that more than 15 billion gallons of standard ethanol will be mixed with domestically supplied fuel from 2020."

In order to change the regulations regarding the mixing amount under the Renewable Fuel Standard (RFS), which requires refineries to mix a certain amount of biofuel such as ethanol with gasoline, it will need to be finalized by 30 November is there.

The Iowa Senate, the largest ethanol producer in the United States, and most biofuel organizations welcomed the policy. However, some industry officials raised concerns that EPA did not show a specific ethanol content.

Tim Ganon, a former US Department of Agriculture official who runs agriculture in Iowa, said, "European officials have overturned that decision for a major oil company every time the President made a decision on RFS," until 20 years. The question of whether it will be realized is shown.

Meanwhile, the American Petroleum Institute (API) and the American Fuel Petrochemical Manufacturers Association (AFPM) expressed a concern about the current policy decision by the Trump administration. “The expansion of biofuel regulations, which are already burdened, raises the burden on the US manufacturing industry and raises concerns about consumer costs.”

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Source: asahi

All news articles on 2019-10-04

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