Trump Reaffirms Ethanol Support Amid Its Fight With Icahn
- President Trump sent letter to Renewable Fuels Association
- Biofuel credits have plunged on speculation for change
A truck driver loads a tanker trailer bound for an Exxon refinery in Montana with denatured alcohol, or ethanol, at an ethanol plant in Underwood, North Dakota.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
President Donald Trump reiterated his support for American ethanol in a letter, wading into the industry’s battle with independent oil refiners and billionaire Carl Icahn over whether parts of a federal mandate should be changed.
Trump sent the letter during the National Ethanol Conference in San Diego on Tuesday, saying that he regrets not being able to attend. Renewable Fuels Association President and Chief Executive Officer Bob Dinneen read the letter aloud.