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Market Chatter: EPA Grants Delek's Refinery RFS Exemption, Rejects HF Sinclair Petitions

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The US Environmental Protection Agency on Monday announced its decisions on six small refineries that had petitioned for exemption from the agency's Renewable Fuel Standard obligations for the compliance years 2023 and 2024, according to a Reuters report, citing the agency's documents.

Delek US Holdings Inc's (DK) refinery received full exemptions, while the two refineries owned by HF Sinclair (DINO) were declared ineligible.

This decision comes following an emergency motion filed by the two companies in the US Court of Appeals for the District of Columbia Circuit to push the EPA to rule on their respective economic hardship petitions.

The EPA rejected HF Sinclair's petition, noting that its Artesia, New Mexico refinery exceeded the 75,000 barrel-per-day crude throughput limit, which was required to classify as a small refinery.

Neither Delek nor HF Sinclair immediately responded to' request for a comment on this story.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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