The EPA in November said it would require gasoline to contain a 10.2 percent blend of biofuels this year.
“I’m not sure how much difference it could make to profits margins in the short term,” he said.
Ethanol producers have faced declining margins from a competitive market, coupled with low oil prices and relatively high prices for corn, used to make ethanol, said McMinimy.
“That dynamic has to be changed,” he said.