Economics

Fuel-From-Soy Makers Mount Last-Ditch Lobby Push on EPA Rule

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Companies that make biofuels from corn husks, soy and other materials are mounting a last-ditch lobbying campaign to prevent a weakening of the U.S. renewable-fuel mandate, saying a lower requirement would set back an industry that is ready to blossom.

The Environmental Protection Agency, responding to complaints from refiners and fossil-fuel oil producers, has proposed a reduction in the amount of renewable fuels that refiners must blend into gasoline and diesel next year, according to a draft obtained by Bloomberg on Oct. 10.