U.S. EPA soon to announce decision on small refinery biofuel waivers

© Reuters. FILE PHOTO: Corn is loaded right into a truck to be transported for ethanol manufacturing in Kelley, Iowa, U.S., January 21, 2020. REUTERS/Shannon Stapleton/File Photograph

By Stephanie Kelly

NEW YORK (Reuters) – The U.S. Environmental Safety Company will announce a decision as early as Thursday on quite a few pending purposes from small gas producers in search of to be excused from biofuel mixing mandates, in accordance to two sources accustomed to the matter.

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The EPA has accrued a backlog of greater than 60 requests for the so-called Small Refinery Exemptions, sought by refineries that argue the price of mixing biofuels like ethanol into their gas might put them out of enterprise, after a 2020 courtroom decision narrowed the standards for what services needs to be eligible for the reduction.

The EPA in December issued a proposal to reject 65 pending SRE purposes. EPA’s website online reveals the company has a complete of 69 pending SRE requests.

The sources mentioned the EPA is poised to announce a decision on some or all the pending SREs as early as Thursday. It was not clear if the company’s decision would match the December proposal.

The company declined to remark.

Former President Donald Trump’s EPA had dramatically elevated such waivers to refiners, angering biofuel producers who argued the administration was abusing this system to assist its allies within the oil business on the expense of farmers. Trump’s EPA denied the declare.

Below the U.S. Renewable Gasoline Customary, oil refineries should mix billions of gallons of corn-based ethanol and different fuels into the gas pool or buy credit from those who do. The coverage is meant to assist farmers and cut back petroleum imports.

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