Content ID

335629

U.S. agency finds smaller oil refiners pay more for biofuel blending credits -document

NEW YORK, Nov 2 (Reuters) - Smaller oil refiners pay more for credits to comply with U.S. biofuel blending requirements compared with larger refiners, according to a government report seen by Reuters.

The report references a decision from the Biden administration's Environmental Protection Agency that denied smaller refiners exemptions to the blending obligations. Under the U.S. Renewable Fuel Standard, oil refiners must blend billions of gallons of biofuels into the nation's fuel mix, or buy tradeable credits, known as RINs, from those that do. (Reporting by Stephanie Kelly; Editing by Muralikumar Anantharaman)

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