Monday, April 2, 2012

EPA Closer To Approving 15 Percent Ethanol Gas

{Washington, D.C.}...The federal government announced Monday it has taken a step toward wide distribution of gasoline mixed with 15 percent ethanol by allowing manufacturers to register as suppliers. E15 still must clear another set of federal tests and become a registered fuel in individual states. Ethanol makers then must convince petroleum marketers to sell it at gas stations. Most ethanol fuel sold for passenger cars and pickups is 10 percent ethanol and 90 percent gas. The new blend that boosts ethanol to 15 percent would only be sold for use in 2001 and newer vehicles. The industry trade group Renewable Fuels Association says EPA's move is the most significant in a three-year effort to get E15 approved for the market, and Midwestern states that have started the regulatory process could see E15 for sale as early as this summer. Tom Buis, CEO of Growth Energy, another ethanol industry trade group, says, "Our nation needs E15 to reduce our dependence on foreign oil - it will keep gas prices down at the pump and help to end the extreme fluctuations in gas prices caused by our reliance on fuel from unstable parts of the world." The American Fuel & Petrochemical Manufacturers has challenged the government's efforts to offer E15 in court, and president Charles Drevna issued a statement saying with a lawsuit pending, the EPA should not rush E15 to market.