Exclusive: Chevron Granted Waiver from U.S. Biofuel Laws at Utah Plant – Source
by Jarrett Renshaw (Reuters) The U.S. Environmental Protection Agency granted oil major Chevron Corp a 2017 hardship waiver from U.S. biofuel laws for its Utah refinery earlier this year, according to a source familiar with the company’s operations.
Chevron, which reported a net income of $9.2 billion in 2017, becomes the largest known company to be awarded a hardship waiver from the Renewable Fuel Standard (RFS), which requires refiners to blend biofuels like ethanol into their fuel pool or buy compliance credits from competitors that do.
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“When an oil company whose net profits surpass the total value of the Iowa corn crop claims it is experiencing ‘hardship,’ you know we’ve reached a new level of absurdity,” said Geoff Cooper, CEO of the Renewable Fuels Association. READ MORE
ETHANOL GROUPS UNHAPPY WITH CHEVRON WAIVER ANNOUNCEMENT (Brownfield Ag News)
Ethanol Groups Blast EPA for Chevron Waiver (Energy.AgWired.com)
Refinery Exemptions Continue to Destroy Demand (Energy.AgWired.com)
RFA DISPUTES BIG OIL’S NO HARM TO ETHANOL CLAIM (Brownfield Ag News; includes AUDIO)
Excerpt from Brownfield Ag News: American Coalition for Ethanol CEO Brian Jennings says it is insulting that EPA has found time to grant nearly 50 Small Refinery Exemptions but won’t release a rule for year-round E15 until February. READ MORE