Read the full article here on HydrocarbonProcessing.com
The cost of complying with a federal mandate to use corn ethanol in fuel has risen sharply in the past few months, putting a squeeze on oil refiners.
The price of each credit that refiners need under the law topped $1.00 last Friday, up from just a few cents last year.
"Eventually that cost is going to get passed along," said Bill Day, a spokesman for Valero Energy, which sells gasoline to about 5,000 filling stations in the US.
Read the full article here on HydrocarbonProcessing.com
0 comments:
Post a Comment