US refiner Andeavor, now being bought by rival Marathon, has saved $100m from lower compliance costs under the country’s Renewable Fuel Standard after EPA (the US Environmental Protection Agency) controversially gave the company a financial hardship waiver. Under the Renewable Fuel Standard US refiners either have to mix biofuels into their fuel or take credits from competitors that do. The biofuels lobby says the the US Environmental Protection Agency is undermining demand by wrongly granting waivers. The the US Environmental Protection Agency said it tended to grant fewer than 10 waivers each year, although it has granted more than 20 such waivers in recent months.
US refiner Andeavor, now being bought by rival Marathon, has saved $100m from lower compliance costs under the country’s Renewable Fuel Standard after the US Environmental Protection Agency (EPA) controversially gave the company a financial hardship waiver. Under the Renewable Fuel Standard US refiners either have to mix biofuels into their fuel or take credits from competitors that do. The biofuels lobby says the EPA is undermining demand by wrongly granting waivers. The EPA said it tended to grant fewer than 10 waivers each year, although it has granted more than 20 such waivers in recent months.