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NAT'L CORN GROWERS ASSN RESPONDS TO EPA DECISION ON BIOFUEL CREDITS
Source: National Corn Growers Association (NCGA) news release

Washington -- The Environmental Protection Agency today issued Small Refinery Exemptions equating to almost 1.8 billion credits known as Renewable Identification Numbers, or RINs, to small petroleum refineries. Today's decision exempts a swath of refineries from blending renewable fuels as required by the Renewable Fuels Standard. EPA will propose to reallocate 100% of the difference between projected and actual exempted volumes for 2025 SREs into the 2026 and 2027 Renewable Volume Obligations before the end of October.

In response NCGA President Jed Bower released the following statement:

"While we are disheartened by the high number of SREs that are being granted to exempt small refineries from meeting federal blending requirements, we are thankful that the Trump administration is taking action to offset this development by pledging to reallocate these RINs. Reallocation is essential for protecting farmers, biofuel producers and consumers alike."

"We need vibrant markets for our products, particularly when it comes to corn ethanol, and the nation's drivers need affordable fuel. Biofuels are a homegrown solution for increasing our country's energy supply and reducing fuel costs. Recent history has shown that issuing SREs at this volume does nothing to reduce the price of gas.

"We are appreciative of the White House and our advocates on Capitol Hill for hearing our concerns and acting. We will work closely with EPA and administration officials to ensure our growers' interests are protected as these specific announcements are implemented and as other decisions affecting the biofuels market are being made."


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