To offset its absence from blending cheaper and heavy crude oil processed by its competitors, Sunoco is looking to produce more biofuel by opening a corn-based ethanol plant in New York state. The refiner might also add another ethanol facility to the site or open a biodiesel plant in New Jersey. The company is also focusing on its retail and logistics businesses as it strives to become a "premier fuel supplier," said CEO Lynn Elsenhans.

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