Trump to shift biofuel blending burden off refiners: U.S. ethanol group

1 Mar 2017   Biofuels

The head of the Renewable Fuels Association said on Tuesday that U.S. President Donald Trump’s administration would lift the responsibility for fuel blending off refiners, which had long requested this change to the nation’s biofuel program. The news sent prices of compliance credits used to meet annual standards tumbling to as low as 30 cents apiece on Tuesday from 47 cents to 48 cents previously. The Renewable Fuel Standard requires that fuel companies use increasing amounts of biofuel blended with gasoline and diesel. Oil refiners, including Valero Energy Corp ( VLO.N ) and CVR Energy Inc ( CVI.N ), had long sought the change, saying the biofuel program hits them with burdensome costs. Renewable Fuels Association Chief Executive Officer Bob Dinneen said a […]

Tags:

Comments are closed.