16 May 2008 22:40 [Source: ICIS news]
In a 25 April letter to the Environmental Protection Agency (EPA), Perry charged that the new 36bn gal/year biofuels mandate set by Congress in a December 2007 energy bill is causing “skyrocketing” price increases in Texas for corn, other grains and derivative consumer foods and livestock feed.
As provided under the 2007 Energy Independence and Security Act (EISA) and an earlier federal energy bill, the EPA may waive the ethanol consumption requirement - known as the renewable fuels standard (RFS) - if it causes severe economic harm to a state or region of the country.
Perry, a Republican, is seeking a 50% cut in the ethanol mandate for this year and beyond.
Under EISA, the
If the EPA were to grant Perry’s request for a 50% cutback, that action would apply nation wide and would lower this year’s ethanol mandate to only 4.5bn gallons, well below current production levels of corn ethanol.
The agency is accepting public comment on the
($1 = €.65)
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