# Federal Policies Destroying US Biofuels Demand – ENCORE BIORENEWABLES

> The EPA granted 31 of 38 retroactive small refinery exemptions for 2018 under the Renewable Fuel Standard. Exempted volumes are not reallocated, so renewable volume obligations fall and RINs returned to refiners are sold cheaply, undercutting renewable fuel blending.

- Date: 2020-01-27 · published 2020-01-27T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/54950-federal-policies-destroying-us-biofuels-demand-encore-biorenewables
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Reduced RFS blending obligations weaken demand for rendered fats and soybean oil used in biodiesel, which is bearish for vegetable oil and feedstock prices.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-05-14 | [Trump Energy Policy Sidelines US Biofuels](https://feedsoft.ai/events/64920-trump-energy-policy-sidelines-us-biofuels.md) | -0.6% | -1.9% |
| SBO | 2020-01-27 | [Steep Headwinds for Biodiesel Industry – ENCORE BIORENEWABLES](https://feedsoft.ai/events/54952-steep-headwinds-for-biodiesel-industry-encore-biorenewables.md) | -6.5% | -7.9% |
| SBO | 2020-03-19 | [Biofuels policies to massively increase deforestation by 2030 –… \| T&E](https://feedsoft.ai/events/54146-biofuels-policies-to-massively-increase-deforestation-by-2030-t-and-e.md) | +6.4% | +5.0% |
| SBO | 2019-09-26 | [Farmers say waivers are destroying demand](https://feedsoft.ai/events/56935-farmers-say-waivers-are-destroying-demand.md) | +0.1% | +5.3% |
| SBO | 2019-06-25 | [NBB: SREs are harming demand for biodiesel, renewable diesel \| Biomass Magazine](https://feedsoft.ai/events/58473-nbb-sres-are-harming-demand-for-biodiesel-renewable-diesel-biomass-magazine.md) | -1.3% | -1.2% |

## Sources

- encorebiorenewables.com: https://encorebiorenewables.com/federal-policies-destroying-us-biofuels-demand/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.