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Agriculture - Aug 27 2021 12:48:56pm
By Stephanie Kelly and Jarrett Re
Aug 26 (Reuters) - The U.S. Environmental Protection Agency has recommended retroactively lowering biofuel blending mandates for 2020, two sources familiar with the matter said, after the agency on Thursday sent a proposal on the mandates to the White House for review.
The move could provide immediate relief to oil refiners that have to comply with the blending requirements. It also is likely to drag the Biden administration further into a clash between oil refiners and the biofuels industry over the requirements.
Under the U.S. Renewable Fuel Standard Program, 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.
Farmers and biofuel producers argue that reducing mandates harms demand for their products, though refiners reject that claim and say the costs of the program puts blue-collar refinery jobs at risk.
The EPA confirmed on Thursday that the agency had sent the biofuel blending proposal to the White House's Office of Management and Budget (OMB).
"The proposal aims to get the (Renewable Fuel Standard) program back on track while addressing challenges stemming from decisions made under the prior administration," an EPA spokesperson said in a statement.
The agency was also expected to recommend to the White House reducing mandates for 2021, while boosting mandates for 2022 above the previous two years, Reuters reported last week, citing sources. read more
The agency did not provide details on the proposal or confirm Reuters' reporting.