reliance energy has said that it expects to pay a record amount to meet US biofuel demand in 2017 . The company estimates costs of an estimated $ 150 - 250 m , up from the company 's previous prediction of $ 170 m . The Environmental Protection Agency oversees the US bio Fuel industry , and mandates that biofuels be blended into the US ' petrol and diesel fuel . The responsibility of blending lies with importers and refiners .
CVR Refining has said that it expects to pay a record amount to meet US biofuel standards in 2017. The company forecasts costs of an estimated $200-250m, up from the company's previous prediction of $170m. The Environmental Protection Agency oversees the US Renewable Fuel Standard, and mandates that biofuels be blended into the US' petrol and diesel fuel. The responsibility of blending lies with importers and refiners.