EPA Proposes Large Refineries Offset Waived Biofuel Quotas (1)

The US government is considering two proposals that will likely help farmers by requiring larger oil processors to make up for lost biofuel demand after the Trump Administration earlier waived some blending requirements for small refiners.

Under one of the proposals, fuel makers would have to take 50% of the blending obligations for 2023, 2024 and 2025 that were originally assigned to small refineries granted exemptions, the Environmental Protection Agency said in a notice. The second suggests a 100% reallocation of waived requirements through additional mandated volumes during the 2026-27 period.

If adopted, either proposal would likely represent a ...