CEO discussed RFS with President, lawmakers, and other leaders
source: Reuters
Growth Energy CEO Emily Skor met with President Trump, lawmakers, and industry leaders at the White House to discuss the Renewable Fuel Standard (RFS).
According toa report from Reuters, on Thursday, President Trump told representatives of the rival oil and corn industries that he supported changing U.S. biofuels policy in a way that would limit costs to refiners while expanding sales of ethanol.
The potential breakthrough comes amid rising concern in the White House over the state of the U.S. Renewable Fuel Standard, or RFS, a law requiring refiners to mix biofuels such as corn-based ethanol into their fuel that has increasingly divided two of Trump's most important constituencies.
According to the report, Trump told attendees at the White House meeting that he supported capping the price of biofuels blending credits that refiners must acquire to comply with the RFS, while also expanding ethanol sales by raising ethanol content in gasoline.
US Corn Price Idx:ZCPAUS.CM
open: 6.6352
high: 6.7134
low: 6.6302
close: 6.6428
US Soybean Price Idx:ZSPAUS.CM
open: 13.5511
high: 13.6432
low: 13.4335
close: 13.6016
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 9.1258
high: 9.3558
low: 9.093
close: 9.3379
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 8.1396
high: 8.3757
low: 8.1346
close: 8.3344
Copyright © 2022 WATT Global Media. Allmarket datais provided by Barchart Solutions. Futures: at least 10 minute delayed. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please seedisclaimer.
