Refiners rally as EPA declares ethanol blend wall a reality

|By:, SA News Editor

Refiners continue to rise a day after news of a leaked EPA proposal that would significantly scale back biofuel blending requirements next year.

The EPA's rationale for a cut in the volume of ethanol that must be blended echoes an argument the oil industry has made for months: The U.S. fuel chain cannot absorb more ethanol.

Let the lawsuits begin: "Any plan to roll back the targets... under the guise of addressing the blend wall would be patently unlawful," says the head of the Renewable Fuels Association.

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