The Obama
administration is significantly reducing the amount of cellulosic
biofuels refiners will have to prove they blended into gasoline last
year, acknowledging that the market lagged far behind government
projections.
The EPA on Tuesday said it was
basing its 2013 standard on the 810,185 ethanol-equivalent gallons
produced with nonfood plants last year. The EPA had initially predicted
that 14 million ethanol-equivalent gallons would be produced last year,
only to reduce it to 6 million gallons last summer. The 2007 law
creating the mandate envisioned 1 billion gallons of ethanol from
cellulosic sources in 2013.
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