Fewer hardship waivers seen under reformed RFS with volumes redistributed to reduce glut

May 14, 2018 |

In Washington, a source told Reuters that in addition to generating RINs from ethanol exports, further adjustments to the Renewable Fuel Standard would include a reduction of hardship waivers for refiners that help them to skirt their compliance with the biofuel blending mandate. Volumes that are waived would instead be redistributed to other refiners rather than the estimated 1.8 billion gallons of ethanol that were displaced in the market following the most recent spat of waivers granted by the EPA. Though the changes would be announced soon, the source said federal rulemaking would have to take place before the changes were implemented.

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