EPA Raises Renewable Fuel Standard To 10.2%

Law360, New York (November 17, 2008, 12:00 AM EST) -- Gasoline refiners, importers and blenders will have to ensure that 10.21 percent of their fuel is made up of renewable energy sources next year, the U.S. Environmental Protection Agency has announced.

The agency raised the renewable fuel standard from 7.7 percent this year, as required by the Energy Independence and Security Act of 2007.

According to the new level, at least 11.1 billion gallons of renewable fuels, most of which will be ethanol, will be blended into transportation gasoline next year, the EPA said Monday....
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