*Please Note – Bob Lane was out of the office today and will return on Monday, September 25, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*
On September 21, the U.S. EPA showed that one new small refinery exemption (SRE) petition had been filed under the Renewable Fuel Standard. The petition was submitted by Placid Refining Company on behalf of its refinery in Port Allen, Louisiana for the 2022 compliance year.
The RFS requires oil refiners to either blend billions of gallons of biofuel into the nation’s fuel mix, or to purchase tradable credits from other blenders or producers. These credits are known as renewable identification numbers, or RINs. The EPA can grant exemptions to refiners that can prove that compliance with the program, including buying RINs, has caused them financial hardship.
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Signs of US economic downturn send ULSD prices to 3-year low
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US fat market slides on pressure from soybean oil, energy complex
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Sluggish trade volume keeps weekly animal protein prices flat
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Weekly wrap-up
Prices for US animal proteins were little...