U S to boost biofuel mandates over next three years country-guide.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from country-guide.ca Daily Mail and Mail on Sunday newspapers.
The Biden administration plans to increase the amount of biofuels that oil refiners must blend into the nation's fuel mix in 2023, 2024 and 2025, but the plan includes reducing mandates for corn-based ethanol from proposed levels, two sources familiar with the matter told Reuters.
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Biden Administration: Under the RFS, oil refiners must blend billions of gallons of biofuels into the nation s fuel mix, or buy tradable credits from those that do. Ethanol producers and corn farmers like the mandates because they provide a market for their products, while the oil industry finds the requirements too pricey.