08.
10.18
15:25

Trump wants to raise ethanol mandate to relieve the corn market

Shortly before his trip to the Corn Belt in Iowa on Tuesday, US President Donald Trump wants to improve the mood among farmers by raising or lowering the restrictions on blending bioethanol.
Iowa is the US state with the largest ethanol production. There is a bumper crop for corn.
The increase in the admixture of so-called E15 gasoline would have to be accompanied by a limited trade in biofuel bills, which should ensure that environmental protection is sufficiently taken into account.
In addition, the American Petroleum Institute, the general association of the US oil industry, is opposed to raising the limit of 15% admixture, as the market share of crude oil products will decline. In addition, there is no majority in Congress for these measures.
The US Renewable Energy Standard requires the oil industry to add annually increasing quantities of biofuels and to receive bonus vouchers as compensation. These bills have to buy the refineries with the ethanol. Since the prices fluctuate very strongly, there are always complaints.
Since the environment is little protected by bioethanol from corn, the desired effect against air pollution is hardly achieved. Nevertheless Trump wants to instruct the environmental authority to lift the restriction.

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