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1. BIOFUELS

EPA proposes aggressive cellulosic target for 2013

U.S. EPA today announced an ambitious target for cellulosic biofuel production this year, a move that was welcomed by the renewable fuels industry but immediately drew heat from oil interests. The proposed rule requires refiners to blend 11 million gallons of cellulosic biofuel, or the equivalent of 14 million gallons of ethanol, into the nation's supply of petroleum-based gasoline during the calendar year.

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