EPA Grants Record 1.76 Billion Biofuel Waivers, Stakes High for Corn Demand

The U.S. Environmental Protection Agency granted exemptions to small refineries covering 1.76 billion renewable fuel credits for the 2025 compliance year, exceeding previous expectations.

This decision is significant for agriculture as it could pressure corn demand and commodity prices if the waived gallons are not restored elsewhere in the system.

The EPA plans to propose by October that larger refiners compensate for the difference between the actual volume of exemptions granted and the smaller amount previously estimated for the 2026 and 2027 Renewable Fuel Standard obligation years.