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WILLIAM KATES
FULTON, N.Y. (AP) — When Sunoco closed this week on the acquisition of a bankrupt ethanol plant for pennies on the dollar, it became just the latest oil refiner to step into the alternative fuels market.
Traditional refiners under pressure to reduce emissions are finding new avenues to meet evolving environmental standards, and finding big bargains along the way.
Sunoco made its initial bid just weeks after Valero Energy Corp., the nation's largest independent oil refiner, became an ethanol plant owner the same way. ...
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