The White house is preparing to announce changes to ethanol policy, and that prompted President Trump to announce “the farmers will be so happy.”
On Twitter, Trump said, “it will be a giant package, get ready.” At the Farm Progress Show this week, Agriculture Secretary Sonny Perdue said Trump would announce details within the next couple of weeks. Perdue declined to offer any details, other than he pushed for easier access to higher blends of biofuels.
Trump said that while the package will be welcomed by farmers, it also saved “the small refineries from certain closing.” Ethanol groups have charged that small refinery waivers are killing demand for biofuels, because they exempt refiners from complying with volume requirements in the Renewable Fuel Standard.
The Environmental Protection Agency recently announced 31 waivers for small refineries in 2020. In the last year of the Obama administration, the EPA issued seven waivers. Trump has held several White House meetings with cabinet members over the last two weeks, working a mitigation package.