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2 clusters · 14 sources · 2 days · First seen · Last updated

US small refinery exemption policy debate

Overview

The White House is considering a plan to expand the small refinery exemption program, potentially doubling the number of renewable fuel credits (RINs) from approximately 950 million to as many as 1.8 billion. Officials state the move is intended to lower gasoline prices.

This proposal has faced significant opposition from a coalition of U.S. farm and biofuel groups, including the American Soybean Association, the Renewable Fuels Association, Growth Energy, and the National Farmers Union. These organizations argue that the exemptions could eliminate approximately 500 million gallons of biomass-based diesel demand, resulting in an estimated $1 billion revenue loss for U.S. soybean farmers and harming rural economies.

Critics note that such a high volume of exemptions would effectively undercut recent biofuel-blending rules intended to increase domestic demand for soybeans. An Environmental Protection Agency (EPA) decision regarding the exemptions is expected by the end of August.

Entities

Environmental Protection Agency · Donald Trump · Renewable Fuels Association · Vladimir Putin · American Soybean Association

Timeline

  1. 16 days ago

    [BUSINESS] 11 sources
    White House seeks to expand refinery exemptions to lower fuel prices

    The White House is considering doubling small refinery exemptions for biofuel blending to lower gasoline prices, sparking warnings from farm and biofuel groups about potential damage to rural crop demand.

  2. 17 days ago

    [BUSINESS] 4 sources
    American Soybean Association warns of impact from refinery exemptions

    The American Soybean Association warns that excessive small refinery exemptions for 2025 could cost U.S. soybean farmers $1 billion in lost revenue and reduce biofuel demand by 500 million gallons.

Sources

actu.capital.fr · antaranews.com · bicmagazine.com · biobased-diesel.com · espaciodeciencia.org · infomoney.com.br · mobile.valor.com.br · offthepress.com · oklahomafarmreport.com · radioiowa.com · revista.tempo.co.mz · srnnews.com · valor.globo.com · veja.abril.com.br