The US Government Accountability Office (GAO) has stated they will review EPA use of waivers exempting small refineries from the nation’s biofuel blending requirements after a bipartisan group of lawmakers made a review request last August. The renewable fuel standard (RFS) allows the EPA to grant small refinery exemptions (SREs) to refiners that process up to 75,000 barrels of petroleum per day – and can demonstrate “disproportionate economic hardship”. However, biofuel producers and their representatives have accused the Trump administration of overusing the SRE process to benefit oil companies at the expense of agricultural interests.
The use of SREs has more than quadrupled since the Trump administration has entered office. Petitions granted are up 443 percent while petitions received have grown 300 percent.
01.17.2025
US renewable fuel production hits all-time high; biomass-based diesel output surges to capture end of BTC
The $1-per-gallon Blenders Tax Credit (BTC) ended on December 31, 2024. Monthly US renewable fuel production hit an all-time high of 1.96 billion gallons of fuel, generating 2.31 billion...
01.17.2025
Packer BFT ticks upward; most animal fats and oil markets close the week higher
Three cars of packer-grade bleachable fancy tallow (BFT) traded higher on Friday January 17, at 47 cents per lb, Chicago basis.
Outside of this trade, the US animal...
01.17.2025
Limited trade keeps US animal protein prices flat week on week
US animal proteins prices were generally flat for the week to Friday January 17, though prior price moves from last week for meat and bonemeal, bloodmeal and poultry by-product...