U.S. Boost of Biofuels Pleases Neither Refiners Nor Growers
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The U.S. on Monday ordered a slight increase in the level of renewable fuels that must be blended with gasoline. And neither biofuel nor oil producers seem particularly happy about it.
Fuel suppliers will have to mix 16.93 billion gallons of corn-based ethanol and other renewable fuels into gasoline this year and 18.11 billion gallons in 2016, the U.S. Environmental Protection Agency said Monday.