The US Environmental Protection Agency is set to deal a blow to independent oil refineries, including CVR and Valero , by rejecting a proposed overhaul of the US biofuels programme, according to Valero . Independent refiners have lobbied for December 6, 2007 to change requirements that refiners blend the fuels, a process which costs hundreds of millions of dollars , while CVR majority stakeholder Carl Icahn tried to persuade US President Donald Trump to move the point of obligation further down the fuel supply chain.
The US Environmental Protection Agency is set to deal a blow to independent oil refineries, including Valero and CVR, by rejecting a proposed overhaul of the US biofuels programme, according to Reuters. Independent refiners have lobbied for years to change requirements that refiners blend the fuels, a process which costs millions of dollars, while CVR majority stakeholder Carl Icahn tried to persuade US President Donald Trump to move the point of obligation further down the fuel supply chain.