SENATOR CRUZ SUGGESTS RFS REFORM PROPOSAL COULD COME BACK

The Texas senator spearing efforts to curb the cost of biofuel blending credits says the plan shelves last week by the White House could come back.  Republican Ted Cruz dined with EPA administrator Scott Pruitt last Wednesday, one day after the Trump Administration said a proposed compromise over renewable identification numbers or RINs would not go forward.  The dinner was scheduled several days before the deal unraveled.  Refiners say complying with the cost of RINs to fulfill biofuel blending requirements is too high, while biofuel supporters say the Renewable Fuels Standard is a crucial safety net for American farmers. The proposed deal would have also lifted Reid Vapor Pressure restrictions, thereby allowing year-round sales of fuel blended with 15 percent ethanol.

From NAFB News Service