EPA says will have single E15 rule after considering splitting biofuel trading curbs

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EPA says will have single E15 rule after considering splitting biofuel trading curbs  effects.com/" target="_blank" rel="noopener">young/File Photo">

FILE PHOTO: A sign advertising E15, a gasoline with 15 percent of ethanol, is seen at a gas station in Clive, Iowa, United States, May 17, 2015. REUTERS/Jim effects.com/" target="_blank" rel="noopener">young/File Photo

WASHINGTON (Reuters) – The U.S. Environmental Protection Agency (EPA) has decided to release a single draft rule to expand sales of higher ethanol blends of gasoline and curb biofuel credit speculation, after having contemplated separating the measures, a senior official at the administration told Reuters on Tuesday.

“We had a conversation about whether we needed to split E15 RVP waiver from the RIN market reform,” Bill Wehrum, Assistant Administrator for Air and Radiation said in an interview. “Administrator Wheeler said the President had instructed us to keep it together and we are going to keep it together,” he said.

President Donald Trump announced in October he was directing the EPA to allow year-round sales of E15, in a win for the powerful corn industry which supplies ethanol. E15 gasoline contains 15 percent ethanol, versus the 10 percent found in most U.S. gasoline.

Reporting by Humeyra Pamuk