SBA PLANS TO JUMP SMALL REFINER DEFINITION TO 75,000 B/D CAPACITY
The Small Business Administration plans to revise its definition of small U.S. petroleum refiners. SBA's current standard is no more than 50,000 b/d and 1,500 employees. Last May it proposed eliminating the capacity definition, using only the 1,500 employee guideline. After reviewing industry's comments on that idea, SBA has proposed using a definition of 75,000 b/d capacity and 1,500 employees. Most of those responding argued the capacity limit should be retained and raised.