"U.S. May Adjust 2014 Corn Ethanol Target After Outcry: Sources"

"Biofuel groups expect the Environmental Protection Agency to send the final proposed targets to the White House as soon as Friday.

The EPA shocked biofuel supporters in November with a draft rule that slashed federal requirements for biofuel use in gasoline and diesel. The agency argued that U.S. energy markets could not absorb the levels of renewable fuels that would be required by a 2007 law.

Since then, though, rising projections for gasoline consumption give the agency leeway to raise its corn ethanol target from November's proposal of about 13 billion gallons to about 13.6 billion, a biofuel industry source said."
Ayesha Rascoe reports for Reuters May 26, 2014.

Source: Reuters, 05/26/2014