White House to meet oil, corn representatives in bid to hash out biofuel deal: sources [Reuters]
Renewable Energy Group, Inc. (REGI)
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Source: Reuters
White House to meet oil, corn representatives in bid to hash out biofuel deal: sources NEW YORK (Reuters) - The White House on Wednesday will hold meetings with representatives from both the biofuel and oil refining industries as the Trump administration seeks to hash out a deal to help farmers by pumping up U.S. ethanol demand, sources familiar with the matter said. The separate meetings will discuss the Trump administration’s plan to increase biofuel blending mandates, after its decision last month to exempt 31 refineries from an obligation to blend ethanol with gasoline stoked anger in the Farm Belt. The negotiations reflect the difficulty President Donald Trump has had winning over both the oil and corn industries, two key electoral constituencies that have for years clashed over the future of U.S. biofuel policy. White House officials are expected to meet with companies including Louis Dreyfus and Renewable Energy Group early Wednesday, sources told Reuters on Tuesday. White Hous
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