New Renewable Fuel Standard volumes announced.Click here to read the brief
Ethanol supporters on Friday charged it was "Christmas in May” for oil companies when the Environmental Protection Agency proposed to use its waiver authority to set Renewable Fuel Standard mandates through 2016 well below statutory levels. But oil and refining groups were no kinder, saying that EPA's proposed vision for ethanol growth is “divorced from reality” and pressing for reform or repeal of the entire program.
The three years of proposals, to the ire of ethanol boosters, explicitly acknowledged the “blend wall,” the 10-percent mark where refiners say ethanol saturates the consumer fuel market because engines can't safely take any more of the renewable fuel. Ethanol groups said that the argument is simply an effort to dodge requirements.
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