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Refiners Granted Highest Level of Biofuel Waivers Since 2017
The agency said it will shift the waived obligations to larger refiners in future years, a move that could affect nearly a billion gallons of demand.
- On Monday, the Environmental Protection Agency granted small refinery exemptions worth 1.76 billion renewable fuel credits for the 2025 compliance year, approving full waivers for 18 out of 34 refineries seeking relief from Renewable Fuel Standard obligations.
- To balance industry interests, the EPA proposed reallocating 100% of the difference between projected and actual 2025 exemptions into 2026 and 2027 renewable volume obligations, shifting waived biofuel production duties to larger refiners in future years.
- Senator Grassley praised the decision, stating the administration recognizes biofuels' importance, while American Petroleum Institute CEO Mike Sommers warned exemptions move the industry "in the wrong direction at precisely the wrong moment."
- Delek US Holdings, Inc. welcomed the decision, with President and Chief Executive Officer Avigal Soreq stating it supports American jobs and infrastructure, as ethanol blending credits known as RINs rose 16% to $2.07 each.
- The reallocation plan remains subject to public scrutiny and a regulatory process that does not guarantee it will take effect, with stakeholders awaiting the final rule by the end of October.
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The spokesman-Review
The spokesman-ReviewEPA grants 1.76 billion biofuel exemptions, weighs shifting obligations to larger refiners
EPA granted small refinery exemptions worth 1.76 billion renewable fuel credits for 2025, and plans to reallocate the waived obligations to larger refiners in future years.
The United States is preparing new relief for refiners amid rising gasoline prices The <p>EPA may provide refiners with more than 1.8 billion fuel credits to rein in prices. Farmers fear a drop in demand for corn for Ethanol.</p>
·Kyiv, Ukraine
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Total News Sources20
Leaning Left3Leaning Right0Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 30%
C 70%
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