As opposition to US ethanol subsidies continues to mount, eight US senators have launched a compromise initiative that would preserve the credits, but reduce them significantly while also increasing public funding to promote production of advanced biofuels. The senators -mostly from corn and ethanol-producing states in the Midwest -have suggested a drastic reduction in the ethanol blender's credit to 20￠ per gallon in 2012 and 15￠ in 2013, down from 45￠ at present.
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