Deal approved to cap bankrupt Philly refiner's biofuels obligations

MOSCOW (MRC) -- A federal judge signed off on a deal between the US Environmental Protection Agency and bankrupt Philadelphia Energy Solutions that caps the refiner's biofuels blending obligations at USD10 million, reported Reuters.The agreement, approved in the United States Bankruptcy Court for the District of Delaware, cuts the Philadelphia refiner's regulatory liability by more than 7

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