Breaking News-RTRS-FACTBOX-EPA sets 2010 U.S. renewable fuel standard
Posted by Labels: Trader's highlightFeb 3 (Reuters) - The U.S. Environmental Protection Agency said that ethanol and other renewable fuels must account for 8.25 percent of total gasoline and diesel sales in 2010 to meet Congress' mandate that nearly 13 billion gallons (49.2 billion litres) of renewable fuels be produced this year.
That is lower than last year's 10.21 percent renewable fuel standard that the EPA announced in November 2008.
These rules are separate from the amount of ethanol the EPA now allows to be blended into each gallon of gasoline, which is in most cases 10 percent.
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