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Senator says changes to biofuel blending quotas come with uncertainty
A member of the Senate Ag Committee says reallocating the volume of small refining exemptions into future blending quotas over the next two years is an attempt to balance competing interests.
“It’s threading a needle and we probably haven’t gotten the needle threaded correctly yet.”
Jerry Moran of Kansas tells Brownfield, “That, of course, is a long time and remains to be seen, so that creates some uncertainty. The idea behind that is certainly supported by renewable fuels processors in Kansas and across the country.”
He says it can be difficult to create a solution that benefits both the ag and refining industries. “Everybody is affected in different ways. It’s a reminder that every time we intrude – it’s a story that the cattlemen would remind us of – that every time we intrude into the economy and the free-market system, there are those who benefit and those who do not. Some are harmed in significant ways.”
Moran says the U.S. needs additional refining capacity and does not want to see the changes impact soybean crushing facilities.
Jerry Moran:
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