Bloomberg reported this week that the U.S. Environmental Protection Agency [EPA] has sent to the White House its proposed biofuel blending volumes for 2021. While details will remain limited until the proposal's public release, which is supposed to occur later in Q2, enough is known to state that the merchant refining sector will be impacted by the proposed rule.
The EPA is tasked by Congress with implementing the U.S. revised Renewable Fuel Standard [RFS2] biofuels blending mandate and, as part of this process, it proposes and finalizes the annual blending volumes and blend percentages needed