Ethanol Report on White House RFS Meeting

Tweets from senators involved in a White House meeting Tuesday on the Renewable Fuel Standard (RFS) say an agreement has finally been reached between oil and ethanol interests that would allow the year-round use of E15 and put to rest the idea of a price cap on Renewable Identification Numbers (RINs), a big win for Team Ethanol.

However, the “win” on the oil side is reported to be reallocating the approximately 1.6 billion gallons of renewable volume obligations exempted by EPA through “small refinery” waivers by allowing exported ethanol gallons to count toward an obligated party’s blending requirement – which would amount to an export subsidy likely to result in retaliatory trade actions.

In this edition of the Ethanol Report, Renewable Fuels Association President and CEO Bob Dinneen reacts to the news and explains why allowing RIN credits for exported U.S. ethanol is unacceptable.

Listen here: Ethanol Report on White House RFS Meeting

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