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EPA announcement leaves both sides wanting more
An official with the Indiana Corn Marketing Council (ICMC) says today’s announcement from the Environmental Protection Agency regarding the Renewable Fuels Standard wasn’t all bad news.
Ken Parrent, director of biofuels says the updated numbers are an improvement from the original numbers released in late 2013.
“However, the EPA still chooses not to adopt the statutory requirements,” he says. “Which would have required 15 billion gallons of corn-based ethanol in 2016. Instead they have proposed 14.5 billion gallons.”
He tells Brownfield the announcement leaves neither side completely happy. “Certainly ‘Big Oil’ is not going to be happy with these numbers,” he says. “And the corn industry would have like to have seen the 15 billion gallons originally established in the RFS.”
Parrent says EPA continues to protect the blend wall for Big Oil.
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