The U.S. Environmental Protection Agency on Friday approved most of its backlog of requests by small oil refineries for biofuel law exemptions, raising concerns among biofuels advocates over a potential hit to demand.
The approvals are also a mixed blessing for the cohort of small U.S. refiners who have argued for years they are hurt financially by the federal mandate to blend biofuels like ethanol into the country’s fuel supply. Many of their requests have now become so old that the waivers they have secured are worthless.
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