(Bloomberg) — Iowa farmers slammed the Trump administration’s plan to alter biofuel-blending quotas, saying it would undermine demand for corn-based ethanol and soybean-based biodiesel.Farmers speaking on a conference call said the Environmental Protection Agency’s plan unveiled Tuesday falls short in the way it changes targets for blending biofuel into petroleum-based fuels under the Renewable Fuel Standard.The biofuel industry made a deal earlier this month with Donald Trump that would help it recover from the heavily criticized waivers that were issued to some oil refiners, but the EPA reneged on the arrangement, Monte Shaw, exective director of the Iowa Renewable Fuels …read more
Source:: Yahoo Finance
