Commodities and Futures News
Biden administration likely to raise ethanol blending volumes for 2021 -sources
2022.06.01 17:41
FILE PHOTO: A sign advertising E15, a gasoline with 15 percent of ethanol, is seen at a gas station in Clive, Iowa, United States, May 17, 2015. REUTERS/Jim Young
NEW YORK (Reuters) – The Biden administration is likely to raise ethanol blending mandates for 2021 above its proposed figure in December to align with U.S. consumption, according to two sources briefed on the decision.
In December, the U.S. Environmental Protection Agency proposed refiners blend 13.32 billion gallons of ethanol into the fuel pool, a move that angered farm-belt lawmakers and the industry who said it was too low. Recent federal figures show U.S. consumption of ethanol at about 13.94 billion gallons.
