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Exclusive-Biden weighing cuts to 2022 ethanol blending mandate proposal -sources

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Reuters

By Jarrett Renshaw and Stephanie Kelly (Reuters) – The Biden administration is considering lowering the 2022 ethanol blending mandate below the proposed 15 billion gallons amid backlash from the oil refining lobby and unions arguing the shrinking U.S. ethanol industry can no longer support the target, according to two sources familiar with the administration’s thinking. U.S. President Joe Biden vowed to bring some normalcy back to laws requiring refiners to blend biofuels like corn-based ethanol into the nation’s gasoline pool after his predecessor, Donald Trump, took unprecedented steps to re…

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