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Trump Touts “Progress” on Biofuels Deal

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President Donald Trump says his administration has made progress on a biofuel reform package after meeting with key farm-state senators late last week.

The meetings were part of an ongoing effort to boost ethanol demand to help hard-hit corn farmers. Trump is having a hard time trying to appease two key constituencies, Big Oil and Big Corn, that he hopes will help propel him to reelection in 2020.

“I think we had a great meeting on ethanol for the farmers,” Trump said to reporters at the White House last week. “Let’s see what happens.”

Politico says despite recent meetings, it appears the White House doesn’t intend to slow down the Environmental Protection Agency’s use of waivers that allow some refiners to ignore ethanol-blending requirements under the Renewable Fuels Standard.

It also seems as though the White House won’t offset the volumes expected to be lost to those exemptions in the annual rule.

Trump is pushing a plan to add another 500 million gallons of ethanol and 500 million gallons of advanced biofuels to the 2020 blending mandate to appease farmers.