Delta Air Lines reportedly readies refinery to process biofuels
The U.S. Renewable Fuel Standard requires refiners to blend an increasing volume of biofuels into the nation’s fuel pool each year or buy compliance credits from those who do.
The refinery is expected to start importing agricultural products such as soybean oil, which can be used to make a biomass-basedDelta declined to comment, but referenced its most recent climate lobbying report, which states that Monroe is evaluating producing sustainable aviation fuel and other renewable fuels after conducting additional economic and operational analysis.
Monroe Energy in the past has had to pay hundreds of millions of dollars each year buying compliance credits, saying it had limited blending ability. Most merchant refiners buy RINs credits daily to avoid amassing a large liability and exposure to fluctuating prices, but Monroe Energy has slowed or halted purchases in recent years, according to market sources, as theMonroe delayed purchasing RINs last year because it thought RINs prices would fall or that the company would receive a waiver from paying their obligation, Reuters reported. However, those prices have stayed largely the same, according to Refinitiv data.
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