Trump Set To Unveil Plan To Boost Biofuels

The Trump Administration is set to announce later on Friday a plan to boost ethanol and biodiesel demand and placate the farming lobby angered by the Administration’s waivers for dozens of oil refineries exempted from blending corn-based ethanol in fuels, Reuters reports, quoting four sources with knowledge of the matter. Under the Renewable Fuel Standard (RFS), oil refiners are required to blend growing amounts of renewable fuels into gasoline and diesel. The Midwest farm belt benefits from the policy, but the oil refiners do not—they…