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2025-11-10 23:57
HF Sinclair (DINO) and Phillips 66 (PSX) were granted exemptions Friday from biofuel blending quotas from the U.S. Environmental Protection Agency, two of 14 approvals for full or partial exemptions for small refineries, Bloomberg reported.
HF Sinclair (DINO) reportedly won full grants for its facility in Tulsa, Oklahoma, for 2023 and 2024, and the EPA also issued partial exemptions for multiple companies including Phillips 66's (PSX) Billings, Montana, facility for 2021-24; Silver Eagle Refining's refineries in Wyoming and Utah for 2023; and Big West Oil LLC's North Salt Lake, Utah, facility for 2021-24; while Chevron's (CVX) North Salt Lake refinery was denied grants in 2023 and 2024.
Bloomberg said it determined which companies were granted exemptions by comparing the list the EPA released Friday to a previous list.
The EPA said the waivers were granted to refineries facing economic hardship, but biofuel groups including the Renewable Fuels Association criticized the decision, arguing the exemptions threaten demand for renewable fuels.
Refineries and biofuel producers are still waiting for a final EPA decision on whether it will require big refineries to blend renewable fuels with gasoline and diesel to offset the exemptions issued to smaller refiners.