Ethanol Industry Seeks Clear Climate Strategy as EPA Delays Policies, Court Reinstates Refinery Exemptions
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Ethanol industry wants to be part of Biden administration's climate strategy but has received mixed signals, with opportunities from Treasury Dept. but delays from EPA.
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It's important that ethanol can qualify for the sustainable aviation fuel tax credit using the GREET model rather than the outdated CORSIA model.
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EPA has further delayed allowing year-round E15 sales in Midwest states, despite petitions from governors, to push for a nationwide legislative solution.
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Appeals court recently sided with refineries in reinstating small refinery exemptions from biofuel blending mandates, but biofuels groups disagree.
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Geopolitical risks like Houthi attacks on ships in Red Sea and drone strike on Russian refinery are pushing up crude oil prices.