New biofuels targets are on refineries side

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EPA – U.S. Environmental Protection Agency in Washington announced the long-awaited proposal to the goals of biofuel use in 2014, favorable to refineries.

The 15.21 billion liters proposed by EPA for 2014 are far below the target of 18.15 billion liters that Congress had originally planned. Also, below is the requirement of 16.55 billion liters of 2013.

This gives refiners a significant victory in the war with the government to change the targets for use of biofuels since the law was passed in 2007.

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