Congressional Ethanol Group Tweaks Proposal as E15 Impasse Drags
Train cars loaded with ethanol arrive at the Port of Little Rock in Little Rock, Arkansas,
Photographer: Al Drago/BloombergA council of US lawmakers has updated proposed biofuels guidelines in an effort to break an impasse that has deeply divided agriculture and oil groups.
Both industries have clashed over biofuel policies, seeking to broker a deal with lawmakers to allow higher-ethanol E15 gasoline to be sold year-round nationwide, which would boost profits for farmers. The deal has been held up as the refinery sector argues over who should qualify for exemptions from using biofuels, which are huge expenses for refiners.