Industry Leaders Support EPA Plan to Reallocate Renewable Fuel Credits
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Geoff Cooper, President of the Renewable Fuels Association, and Brian Jennings of the American Coalition for Ethanol supported the Environmental Protection Agency's proposal to reallocate RINs. The proposal addresses renewable fuel volumes lost due to recent small refinery exemptions. Cooper stated that the Renewable Fuels Association supports the reallocation of 100 percent of the additional 770 million RINs exempted beyond the volume anticipated in the Set 2 rule.
From agwired.com
Why it matters
The reallocation is intended to protect the economic and consumer benefits of the Renewable Fuel Standard. Cooper warned that without full reallocation, the freed-up RINs could be carried forward, displacing demand for newly produced renewable fuels. This move is relevant as gasoline and diesel supplies are tightening and refiners are reporting strong profit margins.
Senators Joni Ernst, Chuck Grassley, and Ashley Hinson helped ensure EPA relief measures, while Donald Trump promised to restore RINs.
From agwired.com
Who's involved
- Brian JenningsMember of the American Coalition for Ethanol who testified in support of the reallocation plan.
- Environmental Protection AgencyGovernmental agency proposing the reallocation plan for renewable fuel credits.
- Geoff CooperPresident of the Renewable Fuels Association who supported the reallocation plan.
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The entities involved
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Environmental Protection Agency
governmental organisation in Queensland
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Geoff Cooper
New Zealand chief executive
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