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U.S. EPA Proposes Boosting 2012 Renewable Fuel Standards

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June 21 (Bloomberg) -- The U.S. Environmental Protection Agency proposed increasing the amount of renewable fuels used in U.S. vehicles next year.

The volume of renewable fuels such as biomass-based diesel and advanced biofuels should increase to 15.2 billion gallons in 2012 from 13.95 billion gallons this year, the agency said today in an e-mailed statement.

Under a 2007 federal law, the U.S. intends to reach 36 billion gallons of renewable fuel by 2022.

To contact the reporters on this story: Angela Greiling Keane in Washington at agreilingkea@bloomberg.net; Steven Fromm at sfromm@bloomberg.net

To contact the editor responsible for this story: Bernard Kohn at bkohn2@bloomberg.net

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