East Central South Dakota | the waivers were for the oil industry not the ethanol industry. Under EPA's Renewable Fuel Standard (RFS) program, a small refinery may be granted a temporary exemption from its annual Renewable Volume Obligations (RVOs) if it can demonstrate that compliance with the RVOs would cause the refinery to suffer disproportionate economic hardship. The small refineries argued successfully that high priced RINS made them noncompetitive in the industry. So the waivers high lighted the inefficiencies of big oil not the efficiencies of ethanol.
EDIT---if you can't understand this basic ruling of refinery waivers maybe stay out of ethanol discussions.....
Edited by white shadow 3/28/2020 23:07
|