CVR - Ethanol Mix - Federal Rule . . .

[redcliffsw]

Icahn controls 82 percent of CVR Energy and has long railed against a federal rule that requires refiners that cannot blend ethanol into gasoline to buy credits instead. He has continued to bring up the issue in media appearances since being recruited by Trump.

The rule hurts so-called merchant refiners like CVR Energy because they do not blend fuels, which means they have to buy credits from larger refiners with blending and retail operations, such as Valero Energy (NYSE: VLO) and Marathon Petroleum (NYSE: MPC)

Read on:
http://finance.yahoo.com/news/carl-icahns-shares-cvr-energy-203735917.html