According to Reuters – Environmental Protection Agency Administrator Gina McCarthy told the House Appropriations Committee U.S. energy markets can’t absorb the l
evels of biofuels required by law to be blended into the fuel supply this year. After proposing cuts in the 2014 biofuel use target requirements for ethanol in November – McCarthy’s comments suggest EPA won’t really budge. She says EPA will take a reasonable approach that recognizes the infrastructure challenges and inability at this point to achieve the ethanol levels in the law. Clearly – the ethanol and biodiesel industry don’t believe the proposal represented the full breadth of what the agency could or should do to achieve the congressionally mandated levels in the law – McCarthy says. EPA most likely will release its final rule in June.
Source: NAFB News Service