RENEWED ENERGY: Ethanol Poses Big Challenge For New EPA Chief

CattleNetwork.com
12/2/2008 2:04:00 PM

WASHINGTON (Dow Jones)--The U.S. Environmental Protection Agency chief who takes over next month faces an immediate challenge: how to handle a flood of ethanol into the market.

The U.S. Congress last year increased by almost five times the amount of biofuels that must be in the fuel supply by 2022. Next year alone, companies that blend ethanol must add 11.1 billion gallons, more than double the amount mandated two years earlier. The jump has been hailed by lawmakers from Minnesota and South Dakota, where the ethanol industry is creating jobs, and promoted as part of a solution to U.S. dependence on foreign oil.

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