Last year the EPA denied a petition to change the point of obligation on biofuels compliance but opened a comment period to consider the issue further. In the coming days, the agency is expected to confirm its initial decision.In the next week or so, the Trump administration will likely announce its decision not to change the point of obligation under the Renewable Fuel Standard (RFS). While this is considered a victory for the ethanol sector, it must also then be considered a defeat for Carl Ichan, the unofficial advisor to President Trump who was the strongest supporter of this change.It is helpful to understand the background. Currently, refiners and importers are the obligated parties under the RFS, which means they are responsible for...

TAGS – Biofuels, Energy