Biden weighing cuts to 2022 ethanol blending mandate proposal

FILE PHOTO: An ethanol plant with its giant corn silos next to a cornfield

 

Refineries fighting mandated ethanol blending levels might have some good news according to one report that suggests the Biden administration is considering lowering the 2022 levels below the 15 billion gallons.

Reuters says the consideration comes amid backlash from the oil refining lobby and unions arguing the shrinking U.S. ethanol industry can no longer support the target.

Click here for Reuters.