The Environmental Protection Agency (EPA) has taken a significant step in supporting the biofuels industry by denying small refinery exemptions (SREs) requested by oil refiners to evade their obligations under the Renewable Fuel Standard (RFS).
After a thorough review of market data and confidential information, the EPA concluded that none of the 26 SRE petitions demonstrated the claimed economic hardship caused by complying with the RFS program. These denials cover various years, including 2021 and 2022.
Industry groups in the biofuels sector have applauded the EPA's decision, commending the agency's commitment to upholding the integrity of the RFS. The American Soybean Association (ASA) praised the EPA's transparent evaluation of SREs, while the American Coalition for Ethanol supported the decision based on court rulings.
This move reaffirms the EPA's dedication to supporting the biofuels sector and advancing the use of low-carbon fuel options. However, concerns persist regarding recent blending target decisions, which have faced criticism from corn, soybean, and biofuels groups.
The EPA's firm stance sends a clear message that the RFS is functioning as intended, fostering the growth of renewable fuel production and utilization. Continued collaboration between the EPA and the biofuels industry is vital for ensuring the ongoing success of the program.
Categories: Michigan, Energy, Government & Policy, Sustainable Agriculture