05.15.2024
Soybean oil stocks fall with slowing April crush
The soybean crush totaled 166.034 million bushels, down by 15% from a record of 196.406 million bushels in March and down by 4% from 173.232 million bushels crushed in...
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 to the SRE loop. That seems like a long shot, but who knows, past EPA decisions have come as a…