The U.S. Environmental Protection Agency could grant fewer waivers exempting sma...
WASHINGTON - The U.S. Environmental Protection Agency could grant fewer waivers exempting small refineries from the country’s biofuel policy as lower prices for blending credits have reduced the cost of compliance, the agency’s administrator Andrew Wheeler told Reuters on Thursday.
Under the U.S. Renewable Fuel Standard program, refiners must blend certain volumes of biofuels like ethanol into their fuel each year or purchase credits from those that do. But small refineries with a capacity of less than 75,000 barrels per day can get waivers if they prove that compliance with RFS would cause them significant financial strain.
“The RIN prices have been relatively low and relatively calm since last spring so that would tell me that there should be less economic harm in the refining industry right now than there was a year ago,” Wheeler said. Wheeler also said the agency was expecting to receive recommendations from the Department of Energy by the end of the week on which biofuel waiver applications that are pending should be granted. Some 39 refineries have filed applications for small refinery waivers for the 2018 compliance year.
Wheeler said he believed the EPA’s proposed reforms of the RIN market were going to satisfy both the corn and oil industries. “The RIN price mechanisms should help bring down and keep the price of RINs lower and stable which the oil industry likes, and the E15 is something that the ethanol industry likes,” he said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New York plans to sue EPA over GE's 'incomplete' Hudson River cleanupNew York state officials plan to sue the U.S. Environmental Protection Agency fo...
Read more »
House Democrats launch probe into EPA officials' ties to utilitiesThe House Energy and Commerce Committee is launching an investigation into whether top EPA officials violated ethics rules by launching a rollback of air pollution regulations that benefited their former lobbying clients
Read more »
From ruined bridges to dirty air, EPA scientists price out the cost of climate changeBy the end of the century, the manifold consequences of unchecked climate change will cost the U.S. hundreds of billions of dollars per year, according to a new study by scientists at the Environmental Protection Agency.
Read more »
Exclusive: Only 6 percent of those subject to Trump travel ban granted U.S. waiversThe U.S. government granted waivers to just 6 percent of visa applicants subject...
Read more »
Low Storage, Prices Equals Bad News for U.S. Gas ProducersLow natural-gas prices suggest high faith in U.S. energy producers’ ability to tap massive reserves and meet growing demand while finding enough to survive next winter comfortably. It isn’t enough to make much money, though.
Read more »
From ruined bridges to dirty air, EPA scientists price out the cost of climate changeBy the end of the century, the manifold consequences of unchecked climate change will cost the U.S. hundreds of billions of dollars per year, according to a new study by scientists at the Environmental Protection Agency.
Read more »
Higher minimum wage means restaurants raise prices and fewer employee hours, survey findsFor restaurants, minimum wage hikes usually mean higher menu prices and fewer employee hours, according to a survey released Wednesday.
Read more »
India delays May order for Iran oil, awaits clarity on sanctions waiver: sourcesIndian refiners are holding back from ordering Iranian oil for loading in May pe...
Read more »
Exclusive: U.S. bill to boost electric car tax credits could rev GM, TeslaA bipartisan group of U.S. lawmakers introduced legislation on Wednesday to expa...
Read more »