The Biden Administration has boosted biofuel blending requirements to the largest amount on record to support the renewable fuel alternative to oil amid skyrocketing gas prices.
The Environmental Protection Agency announced the new requirements on Friday for how much biofuel, such as corn-based ethanol, the oil industry must blend into the fuel supply.
Oil refiners must mix 20.63 billion gallons of renewable fuels into gasoline and diesel this year, under the new requirements, slightly lower than the 20.77 billion gallons the EPA proposed in December, but the largest amount since the Renewable Fuel Standard was created in 2005.
“At EPA, we are laser-focused on providing more options for consumers at the pump, and today we are taking steps to increase the availability of homegrown biofuels,” EPA Administrator Michael Regan said in a statement.“Today’s actions will help to reduce our reliance on oil and put the RFS program back on track after years […]
Excerpt Sourced From: www.gopusa.com
