Biodiesel and Ethanol Investing

Reuters UK reports that newer American cars will likely be able to handle higher ethanol blends in their gasoline but the decision to approve an industry request to change the fuel mix will have to await final testing next year, the U.S. Environmental Protection Agency (EPA) said. The EPA was supposed to decide by December 1 on a petition from Growth Energy and 54 ethanol manufacturers to let gasoline contain up to 15% ethanol. The EPA said it needs more time to review test data on the effects a higher ethanol ratio would have on vehicles. U.S. gasoline is now approved to contain up to 10% ethanol, which is made mostly from corn.