Ethanol is one of the most important industries in the Midwest, and it's an industry about to change. The U.S. EPA proposed new targets for the Renewable Fuel Standard, or RFS, which dictates the amount of ethanol the oil industry has to blend into our gasoline.
The U.S. EPA is proposing tweaks to ethanol policy. The agency proposed a cut to the amount of corn ethanol oil companies are required to blend in to our gasoline, as well as ambitious targets for low-carbon cellulosic ethanol, which is produced from grasses and other inedible parts of plants.
Both supporters and opponents of ethanol have had a lot to say since the EPA announced a proposal to cut the Renewable Fuel Standard, the rules that force oil companies to buy and use certain levels of ethanol.
This year’s drought caused several governor’s as well as various livestock and poultry groups to petition the Environmental Protection Agency to wave a federal rule mandating the production of a certain amount of ethanol.