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The EPA retroactively granted five new small refinery exemptions for 2017 biomass-based diesel obligations, the NBB said. The exemptions cut the 2017 RVO by an additional 48 million gallons, bringing the total reduction to 240 million gallons, or 12 percent.
Cumulative small refinery exemptions for 2015 to 2017 have reduced biomass-based diesel demand by more than 360 million gallons.
Lower mandated blending volumes reduce demand for soybean oil feedstock used in biodiesel, which weighs on soybean oil prices and crush margins. The retroactive nature means the lost demand will be felt through 2019.
fuelsmarketnews.comFuels Market News19 mar 2019Tras 351 eventos bajista de política pasados, Aceite de soja se movió una mediana de -0,0 % en 5 sesiones (49% al alza; mitad central entre -1,7 % y +1,8 %), y -0,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
