Corn growers are pleased that the Tuesday meeting at the White House resulted in a commitment to allow year-round sales of 15% ethanol blends, but not so much by a reported plan to reallocate Renewable Identification Numbers (RINs) from exempted renewable fuel volumes using exported ethanol gallons.
During an interview with reporters Tuesday, National Corn Growers Association CEO Chris Novak said, “We’re hopeful that as our cabinet members take a look at this idea they’ll understand that it doesn’t fit with the statutory authority under the Renewable Fuel Standard, nor does it fit with our trading obligations as a member of the global community.”