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UPDATE 2-EPA to Propose Reallocating Waived Biofuels Volumes to Other Refiners-Sources

Environmental Protection Agency, Federal Agency, Federal Legislation, Federal Regulation, Opinions, Policy, White House
June 21, 2018
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by Jarrett Renshaw and Chris Prentice (Reuters/Successful Farming)   The U.S. Environmental
Protection Agency will propose reallocating biofuel blending obligations waived under its small refinery exemption program to other refiners, in an announcement that could come as early as Friday, according to two sources familiar with the agency’s plans.

…

Under the proposed reallocation, refiners that do not receive exemptions would be forced to make up the volumes waived to others. The sources were not certain how the EPA planned on handling those reallocations, which the refining industry has said it would strongly oppose.

…

Last week, the EPA drew criticism when it said it could not reallocate volumes retroactively without an act of Congress, which at the time dashed hopes of the biofuel industry.     READ MORE

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EPA (Environmental Protection Agency)Legislation-FederalRegulations-Federalrenewable volume obligation (RVO)RINs (Renewable Identification Numbers)RINs pricesmall refinery exemption (SRE)Transportation Fuels PolicywaiverWhite House
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