Alto Ingredients Inc (ALTO)

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Ethanol makers cheer as EPA punts on renewable fuel mandate decision

http://seekingalpha.com/news/2143595-ethanol-makers-cheer-as-epa-punts-on-renewable-fuel-mandate-decision?app=1&dr=1#email_link

Nov 21 2014, 18:45 ET | By: Carl Surran, SA News Editor

Ethanol and other biofuel groups are declaring victory, as the EPA today said a decision to finalize blending requirements for 2014 - first proposed more than a year ago - has been delayed.
The delay gives hope to ethanol producers that the EPA will rethink how it proposes the annual biofuels levels; the draft 2014 biofuels levels were much lower than the ethanol industry wanted.
Oil company lobbyists opposed to the law say the idea of setting a retroactive quota shows the EPA is incapable of managing the program; the American Fuel & Petrochemical Manufacturers, which represents energy companies, plans to sue the EPA for failing to issue the 2014 requirements.
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