The Environmental Protection Agency granted 29 Small Refinery Exemptions under the Renewable Fuel Standard this week. Brian Glenn, director of government affairs for the American Farm Bureau Federation, says the exemptions create a shortfall for biofuels demand by allowing small oil refineries to blend less biofuel into the U.S. fuel supply.
While these exemptions would generally result in less demand for American-grown biofuels, EPA pledged to make up the difference in upcoming years.
The commitment to reallocating the missed gallons of biofuel should help bolster an important market for U.S. agriculture.
Learn more on the Farm Bureau Intel page at fb.org.
