EPA looking at cuts to biofuel blendingGood news for oil producers and refiners
>>>NEW YORK, Sept 22 (Reuters) - The U.S. Environmental Protection Agency is proposing big cuts to the nation's biofuel blending requirements for the years 2020, 2021 and 2022, according to a document seen by Reuters, in a move that is sure to anger farmers and biofuel producers. The proposal is a win for the oil industry, which argued for the cuts due to an overall slowdown in fuel demand during the coronavirus pandemic. The agency would reduce the mandates for 2020 and 2021 to about 17.1 billion gallons and about 18.6 billion gallons, the document showed. That would be lower than a level of 20.1 billion gallons that was finalized for 2020 before the coronavirus pandemic.
https://www.nasdaq.com/articles/exclusive-u.s.-epa-mulling-cuts-to-biofuel-blending-in-win-for-oil-industry-document-2021