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Calumet to Cut RIN Liability by $170 Million After EPA Exemptions

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Calumet (CLMT) said Wednesday that the US Environmental Protection Agency granted full small refinery exemptions for two of its petitions covering the 2025 compliance year.

The company said the exemptions will reduce its balance-sheet liability by 71 million renewable identification numbers, valued at about $170 million as of last June.

Calumet said about $129 million in renewable identification numbers, valued at roughly $309 million, remain on its balance sheet from partial exemptions for 2022 through 2024.

Those partial exemptions are still being deliberated on by the EPA and are also subject to judicial review, the company said.

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