Small refinery exemptions (SREs) could become a thing of the past if the January 24 ruling by the US Court of Appeals 10th Circuit is applied across the country. In the ruling the Court stated EPA cannot ‘extend’ exemptions to any small refineries whose earlier, temporary exemptions had lapsed. In other words, a refiner can’t apply one year, take a year off, then apply again – or if a refiner was denied an application in any year, they cannot apply again after that.
If that ruling were applied to all small refiners, at most, only the seven that received exemptions in 2015 might still be eligible today. So, why has EPA received 52 new prior year exemptions? The obvious answer is that refiners who have been cut out in the past are hoping to be cut back in. That seems like a long shot, but who knows? Another scenario might be that these refiners are…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...