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.
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...