The U.S. Environmental Protection Agency (EPA) has granted 1.76 billion in biofuel exemptions to small refineries. This move follows a week of intense lobbying efforts from both the Farm Belt and the oil industry. While farmers express concerns regarding a potential decline in demand for biofuel crops, refiners are seeking relief from expensive blending mandates. The agency is currently evaluating the possibility of shifting these obligations to larger refinery operations.
EPA grants 1.76 billion biofuel exemptions
The EPA has approved 1.76 billion in biofuel exemptions for small refineries amid ongoing industry lobbying.
Source: The Business Standard