A company owns 58.75% of our refinery. The refinery is rated at 260,000 Barrels/day of which the company owns 152,750 B/D (260 * 0.5875). Would this qualify our refinery for the small refiner hardship provisions?
See More Frequent Questions about Fuels Registration, Reporting, and Compliance Help. That ownership percentage makes the refinery a subsidiary under our definition (see § 80.550) and all of a subsidiary's crude capacity must be used in determining the total crude capacity. There is no prorating. Questions and Answers on the…