The U.S. Environmental Protection Agency (EPA) announced Thursday the denial of 36 Small Refinery Exemptions (SREs) under the Renewable Fuels Standard (RFS). The agency will offer relief for 31 waivers previously granted due to “extenuating circumstances” in each refinery’s initial waiver grants in 2018.
Scott Richman, chief economist at the Renewable Fuels Association says that according to public and private data reviewed by EPA, there’s no need for SREs. He cites a lack of disproportionate economic hardship refineries claim keeps them from meeting RFS obligations. Former President Donald Trump allowed more than 30 SREs in 2018, a catalyst that served as an eventual successful court case from biofuel advocates.
Read more on EPA’s decision on SREs and its impact on the biofuels industry.
Featured
-
Experts Weigh If It’s Time to Cash In On Abnormally High Basis PricesJune 27, 2022
-
Flash Droughts Possible Amidst High Heat, No RainJune 27, 2022
-
Farmers Face Record Chemical Shortages, Are Using Alternative MethodsJune 28, 2022
-
Tips for Preventing Prussic Acid Toxicity in Cattle HerdsJune 28, 2022
-
Trends Show Consumers Opting for More At-Home MealsJune 28, 2022