US Finalizes Higher Biofuels Quota to Boost Domestic Demand (3)

The Trump administration unveiled long-awaited biofuels blending standards, imposing a stronger mandate than a plan proposed last year in a further show of support for producers and American farmers.

The rule requires refiners to mix a record 25.82 billion gallons of biofuels into conventional diesel and gasoline this year, almost 8% higher than was advertised last June, the Environmental Protection Agency said.

Both the oil and agriculture sectors have been anxiously awaiting President Donald Trump’s administration’s finalization of the quotas. Biofuels are seen as key to lifting incomes for farmers struggling with low crop prices and high input ...