US EPA to propose renewable fuel credits generated through imported feedstocks to receive lesser value - sources

NEW YORK, June 12 - The Trump administration on Friday will propose that renewable fuel trading credits generated through producing fuel via imported feedstocks will receive a lesser value, as part of a proposal on U.S. biofuel blending requirements, two sources told Reuters.

Under the U.S. Renewable Fuel Standard, refiners are required to blend massive volumes of biofuels into the nation's fuel supply or purchase credits, called RINs, from those that do.