Pruitt's Short-Term RFS Waivers May Relieve Pressure For Credit Price Cap

摘要

EPA Administrator Scott Pruitt is expected to issue waivers for individual refineries from having to meet renewable fuel standard (RFS) mandates, which could reduce the price of RFS compliance credits in the short term and ease oil sector pressure on the agency to cap credit prices, say biofuels sources and a recent economic analysis.One biofuels industry advocate tells Inside EPA that there might currently be 32 petitions from small refiners -those processing up to 75,000 barrels per day of crude oil - for one-year exclusions from having to meet RFS fuel blending requirements. If EPA grants most or all of those petitions, as some in the biofuel sector suspect it will, the effect when combined with a recent settlement with bankrupt refiner Philadelphia Energy Solutions (PES) may reduce the demand for compliance credits sufficiently to curb immediate pressure for credit price measures.