White House Weighs EPA Compromise on Biofuel Waivers ...Middle East

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White House Weighs EPA Compromise on Biofuel Waivers
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The White House is currently reviewing a plan from the EPA in response to a backlog of small refinery exemptions under the U.S. Renewable Fuel Standard. According to three sources cited by Reuters, the agency has proposed that large oil refiners cover about half, or less, of the 1.1 billion gallons of renewable fuel blending obligations recently waived for smaller players. If enacted, this compromise would leave roughly 550 million gallons of demand unfulfilled, potentially creating an oversupply of renewable fuel credits (RINs) and thereby pressuring…

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